A new globalisation

Featured in

  • Published 20090831
  • ISBN: 9781921520761
  • Extent: 264 pp
  • Paperback (234 x 153mm)

WHEN THE DEEPEST economic crisis of the past fifty years finally ends, a changed world will be left in its wake. Capitalism will still be with us, but the new capitalism could differ substantially from the old. One key feature could be a new form of globalisation. In the current crisis it is already apparent that nations that were relatively ‘decoupled’ from global markets as they entered this recession have done better than the more ‘globalised’ ones. The lessons of their success are now under scrutiny.

Even though it’s too soon to see the future clearly, the forces that will shape the new capitalism can be found in the underlying origins and peculiar character of this recession. This crisis differs from others over the past half-century, not just in its extent and intensity, but in its causes and course.

Already a subscriber? Sign in here

Share article

More from author

More than a gift from the gods

EssayTHE CONCEPT OF comparative advantage is perhaps the single most powerful idea in economics. It is taught to every undergraduate and printed in every...

More from this edition

Getting over globalisation

GR OnlineTHE IDEA OF globalisation never enjoyed popular support in developed nations and for that reason it will probably become another casualty of the global...

The fire this time

MemoirTHE BUSHFIRE DEBRIS descends from the night sky with a strangely graceful motion, as if swimming. Leaves and twigs settle softly on the grass,...

Stay up to date with the latest, news, articles and special offers from Griffith Review.