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Tag Archives: Globalisation

Dani Rodrik — Globalization’s Wrong Turn And How It Hurt America

Dani Rodrik — Globalization’s Wrong Turn And How It Hurt AmericaSome comments on globalisation by Bill Clinton and Tony Blair caught my attention in a recent article by Dani Rodrik for Foreign Affairs:Globalization, exclaimed U.S. President Bill Clinton, “is the economic equivalent of a force of nature, like wind or water.” British Prime Minister Tony Blair mocked those who wanted to “debate globalization,” saying, “you might as well debate whether autumn should follow summer.”Rodrik’s...

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Pierre Kohler And Francis Cripps — Do Trade And Investment (Agreements) Foster Development Or Inequality?

Pierre Kohler And Francis Cripps — Do Trade And Investment (Agreements) Foster Development Or Inequality?A recent UNCTAD/GDAE working paper. Abstract:This paper proposes to revisit the debate on trade and investment agreements (TIAs), development and inequality, looking at the role of Global Value Chains (GVCs) and transnational corporations (TNCs). It first presents stylized facts about trade and investment (agreements), declining global economic growth and rising inequality under the latest...

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Jason Hickel Features On Citations Needed

Jason Hickel Features On Citations NeededThe latest episode Neoliberal Optimism Industry of the podcast Citations Needed features Jason Hickel, who has done a lot of work to bust the narrative of the World Bank on poverty.Excerpt:Jason Hickel: So Gates is sort of the forefront of this aid narrative and the way that I see this as problematic is because it effectively ends up obscuring the real causes of the problems that are at stake. Right? So we’re all concerned about global poverty and...

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Angela Nagle — The Left Case Against Open Borders

Angela Nagle — The Left Case Against Open BordersAngela Nagle writing for American Affairs:The destruction and abandonment of labor politics means that, at present, immigration issues can only play out within the framework of a culture war, fought entirely on moral grounds. In the heightened emotions of America’s public debate on migration, a simple moral and political dichotomy prevails. It is “right-wing” to be “against immigration” and “left-wing” to be “for immigration.” But the economics...

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10 years after – and nothing has changed.

The following is an interview with Yena Yoon – a financial journalist with Chosen Ilbo “the largest newspaper in South Korea” conducted on 12 February, 2018, but still relevant. What is the most remarkable change in financial market after 2008 global crisis do you see? Why do you think so? The most striking outcome from the global financial crisis of 2007-9 was that there was no structural change to the international financial architecture/system – the system that was at the heart of the...

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The BBC’s Cassandras of the Crash

On Wednesday, 19th September and again on 22nd September, the BBC broadcast an interview in which I participated. It was called Cassandras of the Crash. The programme is available on the BBC’s Radio 4 website, with the following introduction. “Ten years ago, in autumn 2008, the world watched as the biggest financial meltdown in history unfolded. The crash plunged the world into recession, lost millions of families their homes and its shadow still hangs over our politics today. And when the...

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The great honour that is the Heinrich Boll Stiftung’s Hannah Arendt Prize

On 19th July, 2018, I was stunned and honoured to receive the following from Professor Antonia Grunenberg of the Heinrich Boll Foundation, Bremen, Germany.  Berlin, July 19, 2018 Dear Mrs. Pettifor, it is my great pleasure to inform you in behalf of the international jury of  the „Hannah Arendt Prize for Political Thinking“ that you have been unanimously selected to be the winner of the prize in 2018. Die date of the ceremony is December 7, 2018. The jury pointed out that you, a...

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Two Papers By Thomas Palley On Globalisation

Thomas Palley has two new papers on globalisation:Globalization Checkmated? Political and Geopolitical Contradictions Coming Home to RoostThree Globalizations, Not Two: Rethinking The History And Economics Of Trade And GlobalizationThe first paper places Donald Trump’s trade wars in a broader political economy perspective. The second paper divides modern globalisation in two periods: 1945-90 and 1990-present.I especially liked the footnote 5 in the first paper where he says that the public...

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Barack Obama And Glenn Greenwald On The Globalisation Backlash

At an event commemorating the 100th anniversary of Nelson Mandela’s birth, Barack Obama provided a good explanation and context to understand politics around the globe in recent times. You don’t have to agree with his neoliberal ideology to appreciate what he said and how his fans or liberals in general dogmatically oppose the fact that free trade and globalisation have contributed to misery even in advanced nations.Excerpt:It should make us hopeful. But if we cannot deny the very real...

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Is it unreasonable to blame bankers/rentiers for the rise in populism?

At the April Rethinking Economicsconference in Oslo  I pointed out that western politicians and economists are repeating policy errors of the 1930s. The pattern of a global financial crash, followed by austerity in Europe and the UK, led in those years to the rise of populism, authoritarianism and ultimately fascism. The scale of economic and political failures and missteps led in turn to a catastrophic world war. Today that pattern – of a global financial crash, austerity and a rise in...

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