Why does globalization, in its many forms, cause political conflict? How does the intensity of the conflict vary over time, depending on the stage of globalization, state of the business cycle, and other factors? In view of the contentious history of the first era of globalization, what enabled the later flowering after the Second World War?
Globalization and the backlash in historyThe world economy is more globalized today than at any time in history. But the first era of globalization under the Gold Standard reached heights of economic integration that were comparable (Figure The second half of the 19th century was a time of trade liberalization in Europe. The repeal of […]