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16 April 2018

The New Economics and Politics of Globalization

The Liberal International Economic Order, whose creation and operation defined the post-War period in trade and finance, appears to be entering a period of great uncertainty. This chapter, focusing in particular on international trade, seeks to identify the sources of this change in fundamental changes in the underlying economies of the core members of this order (the transition from an industrial to a post-industrial economy and the globalization of production structures) and the domestic and international political foundations of that order (domestically the rise of antiglobalist populism, and internationally the emergence of China as a global superpower). ByDouglas R. NelsoninThe Age of Perplexity: Rethinking the World We Knew.