Overview

A wonderful blend of “politics and economics, micro and macro, past and present in an accessible narrative” (Washington Post), this authoritative history of the twentieth-century global economy is now updated with a new chapter covering the great financial crisis, the halting recovery, and the retreat from global integration to economic nationalism. Jeffry A. Frieden's discussion of the financial crisis of 2008 explores its causes, the many warning signals for policymakers, and its repercussions: a protracted recovery with accumulating levels of inequality, and political turmoil in the European Union and the United States. Frieden also highlights China's dramatic rise as the world's largest manufacturer and trading nation, perhaps the most far- reaching development of the new millennium. Drawing parallels between the current period and the decades before World War I, when the first era of global economic integration gave way to nationalist rivalry, Frieden's history clearly shows that globalization is neither inevitable nor irreversible, but a political choice.

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9780393358254

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Reviews

Essential reading for anyone who wants to understand the history of globalization from 1870 to the present. -- John Bruton - Irish Independent Broad and ambitious in its sweep... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so. -- Alan Beattie - FT Magazine ...even-handed and objective. -- The Washington Post

"""...even-handed and objective."" -- The Washington Post ""Broad and ambitious in its sweep... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so."" -- Alan Beattie - FT Magazine ""Essential reading for anyone who wants to understand the history of globalization from 1870 to the present."" -- John Bruton - Irish Independent"

...even-handed and objective. -- The Washington Post Broad and ambitious in its sweep... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so. -- Alan Beattie - FT Magazine Essential reading for anyone who wants to understand the history of globalization from 1870 to the present. -- John Bruton - Irish Independent

Author Information

Jeffry A. Frieden is the Stanfield Professor of International Peace at Harvard University. A specialist on the politics of international financial relations, he is also coauthor, with Menzie Chinn, of Lost Decades, a history of the 2008 financial crisis.

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