Business

How the pandemic could globalize the economy even more

Harold James has been writing about globalization, and its oft-expected demise, for the better part of 40 years. The economic historian at Princeton University has examined the effects of financial crises old and new, from the Great Depression of the 1930s to the collapse of financial markets in 2008.

His 2002 book, The End of Globalization, examined how the Great Depression upended globalism: Faced with an acute financial crisis, nations backed away from cultural and economic ties abroad. Ominously, James suggested then that the forces that turned societies against globalism in the 1930s were likely to emerge again as the 21st century progressed — even though nations have forged ever-closer connections through trade, migration, and technology in the intervening decades.

Source:

theweek.com

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist Buzzon.live.