The End of Globalization – Lessons from the Great Depression - Hardcover

James, Harold

Hardcover

ISBN 10: 0674004744 ISBN 13: 9780674004740

Publisher: Harvard University Press, 2001

Synopsis

"Globalization" is here. Signified by an increasingly close economic interconnection that has led to profound political and social change around the world, the process seems irreversible. In this book, however, Harold James provides a sobering historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events. James examines one of the great historical nightmares of the 20th century: the collapse of globalism in the Great Depression. Analyzing this collapse in terms of three main components of global economics - capital flows, trade, and international migration - James argues that it was not simply a consequence of the strains of World War I, but resulted from the interplay of resentments against all these elements of mobility, as well as from the policies and institutions designed to assuage the threats of globalism. Could it happen again? There are significant parallels today: highly integrated systems are inherently vulnerable to collapse, and world financial markets are vulnerable and unstable. While James does not foresee another Great Depression, his book provides a cautionary tale in which institutions meant to save the world from the consequences of globalization ended by destroying both prosperity and peace.

About this title

Review

"you will feel a welcome chill when you read Harold James's superb new book" -- Sunday Telegraph, 8 July 2001

About the Author

Harold James is the Claude and Lore Kelly Professor in European Studies and Professor of History and International Affairs at Princeton University.

Edition details

• Publisher: Harvard University Press
• Publication date: 2001
• Language: English
• ISBN 10: 0674004744
• ISBN 13: 9780674004740
• Binding: Hardcover
• Edition number: 1
• Number of pages: 270