The end of globalization : lessons from the Great Depression / Harold James.

Format:

Book

Author/Creator:

James, Harold.

Language:

English

Subjects (All):

International economic relations.

International trade.

International finance.

Depressions--1929.

Depressions.

Financial crises.

Nation-state.

Globalization--Economic aspects.

Globalization.

Physical Description:

1 online resource (vi, 260 p.)

Edition:

1st ed.

Place of Publication:

Cambridge, MA : Harvard University Press, 2001.

Language Note:

English

Summary:

Globalisation is here. This text provides an historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events.

"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.

Contents:

Frontmatter

Preface

Contents

Tables and Figures

1. Introduction: The End of Globalization and the Problem of the Depression

2. Monetary Policy and Banking Instability

3. Tariffs, Trade Policy, and the Collapse of International Trade

4. The Reaction against International Migration

5. The Age of Nationalism versus the Age of Capital

6. Conclusion: Can It Happen Again?

Notes

Index

Notes:

Originally published: 2001.

Includes bibliographical references (p. 227-254) and index.

ISBN:

9780674264717

0674264711

9780674039087

0674039084

OCLC:

923111584