The End of Globalization: Lessons from the Great Depression

Synopsis of The End of Globalization: Lessons from the Great Depression

Harold James provides a 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 the collapse of globalism in the Great Depression, analyzing key components of the global economy and arguing that the collapse resulted from the interplay of resentments and policies designed to mitigate the threats of globalism. The author draws parallels with the present, highlighting the vulnerability of integrated systems and the instability of world financial markets.