The end of globalization

In 'The End of Globalization: Lessons from the Great Depression', Harold James examines the collapse of globalism during the Great Depression, focusing on capital flows, trade, and international migration.

He argues that this collapse was not solely due to World War I but resulted from resentments against global mobility and policies meant to mitigate its threats.

James draws parallels with modern-day globalization, highlighting the vulnerability of highly integrated systems and the potential for another economic downturn, though he does not predict another Great Depression.