The perils of globalization in five slides

November 15, 2014

The rise of global trade leads to growing wealth, but also to growing economic insecurity: Vital imports can be cut off by one's enemies. In a multipolar world, economic insecurity leads to arms races and conflict. The only solution to this conundrum has been benign hegemony - the policing of the world's trade routes by a single dominant nation with an interest in preserving global prosperity.

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"The tattered history of the notion that free, international trade ensures the permanence of peace and the disappearance of war . . . Sturdy, scholarly, sharply focused, closely reasoned."

Kirkus Reviews