1/4
I just finished Martin Daunton's excellent survey and analysis of the last 100 years of globalization. There is an enormous amount of material here (nearly 900 pages) and it may not be an easy read for those who aren't already very familiar with much of this history.
I just finished Martin Daunton's excellent survey and analysis of the last 100 years of globalization. There is an enormous amount of material here (nearly 900 pages) and it may not be an easy read for those who aren't already very familiar with much of this history.
2/4
But for those who are, or who want to be, it's well worth the effort. While the book is ostensibly about the process of globalization, and the role of government and government institutions in that process, especially in pivotal periods during the 1930-40s, the 1970s and...
But for those who are, or who want to be, it's well worth the effort. While the book is ostensibly about the process of globalization, and the role of government and government institutions in that process, especially in pivotal periods during the 1930-40s, the 1970s and...
3/4
in the past decade, a major theme is the enormous distortions caused by the unfettered flow of capital, the ways in which these flows dislocated domestic economies, and the various (mostly unsuccessful) attempts individually and collectively to control them.
in the past decade, a major theme is the enormous distortions caused by the unfettered flow of capital, the ways in which these flows dislocated domestic economies, and the various (mostly unsuccessful) attempts individually and collectively to control them.
4/4
A related theme has to do with the costs to the overall economy of financialization. A world in which bankers and financial flows drive the real economy seems almost invariably to be one of declining productivity growth, deeper global imbalances, and rising income inequality.
A related theme has to do with the costs to the overall economy of financialization. A world in which bankers and financial flows drive the real economy seems almost invariably to be one of declining productivity growth, deeper global imbalances, and rising income inequality.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
