On the brink of deglobalization was published September 30, 2010.
I wrote the book because I believe that both the mainstream economic explanation for the 2008/2009 trade collapse and all policy advise derived from that analysis are wrong. This blog tracks the discussion about and impact of this important research project.
As the world transitions from ‘Deep Globalisation to Deglobalisation’, economic policies based on a ‘Doctrine of Local Content’ take center stage. As a consequence, the global economy underperforms. Below, Marcos Troyjo argues that Reglobalisation can only resurface if countries move away from ‘Local-Contentism’ and closer to a productive interdependence turning out ‘Made in the World’ goods.