A Period of De-Globalisation

De-Globalisation and antagonism go hand in hand

It might seem that the large emerging markets like China drive globalisation, but the debates in many of these countries revolve around protectionism and political interference with economic forces. This, Professor James argues, marks one of the central dangers of anti-globalisation attitudes. “When you believe in globalisation, you believe in markets providing you with whatever you need. In periods of de-globalisation, people think they need power – or even force – to obtain such goods.” This is why globalisation is a major creator of values, and de-globalisation has the inherent danger of destroying value.