End of the American Era of Globalization

Andrés Solimano is Founder and Chairman of the International Center for Globalization and Development (CIGLOB), Santiago, Chile. He holds a PhD in economics from MIT.

“In this new book, Andrés Solimano shows how current volatile political scenarios will largely define our future. The book traces the historical roots of globalization and covers, with knowledge and common sense, the main themes of our time such as the imposition of tariffs by the US, reversal of migration flows, the blunt rise in inequality and recurrent financial crises and volatility. It also points out the lagged benefits of internationalization on the global south. On the positive side the book highlights the promise of the new technologies and talent global mobility and calls for a more socially equitable and sustainable globalization.” — Joseph Borrell, Former Minister of Foreign Affairs of the European Union, and Minister of Government in Spain."This lively and authoritative guide places the successes and crises of the last four decades of globalization in their historical context, offering an essential window onto today's turbulent global economy. As the United States wavers in its commitment to the liberal international economic order, the author's analysis could not be more timely — or more necessary.” — Tony Addison, Non-Resident Senior Research Fellow, UNU-WIDER

• 1. Introduction and Topics of the Book 2. Renaissance, the Age of Discovery, Empires, and Early Globalization 3. The Collapse of 19th-Century Globalization, World War I, and Instability in the 1920s 4. The Great Depression of the 1930s and World War II 5. The American Century After WWII and Its Contradictions: From the Golden Age to the Multiple Crises of Neoliberal Globalization 6. The Socialist Challenge in the 20th Century: The USSR and Central-Eastern Europe 7. The Complex Process of Economic Stabilization and Externally Imposed Austerity in the Global Periphery 8. The Role of Technology, Innovation, and Alternative Theories of Economic Crises 9. Big Time Wealth Inequality and the International Mobility of Millionaires in the 21st Century 10. Can International Talent Circulation Survive a MigrationBacklash? 11. Issues and Summary References. Index.