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The President’s Inbox

The Anti-Globalization Backlash, With Peter Trubowitz

Nov 21, 2023
33:25

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Podcast summary created with Snipd AI

Quick takeaways

  • The erosion of the liberal international order, due to inadequate domestic support and protections, created a political space for far-left and far-right parties to gain traction and promote economic nationalism.
  • The rise of anti-globalism and nationalism in the West is influenced by factors such as job losses due to automation, fears about immigration, and the failure of Western governments to balance globalization with domestic economic security.

Deep dives

The Rise of Anti-Globalism in Western Countries

The rise of anti-globalism in Western countries can be traced back to the erosion of the liberal international order. The order was built on domestic institutional arrangements that supported policies like free trade and multilateralism. During the Cold War, the competition between the Soviet Union and the United States reinforced the authority of centrist parties in Western democracies. Additionally, the development of the social welfare state provided economic security and support for international trade. However, with the end of the Cold War and the rise of globalization, domestic support and protections were not adequately addressed. This created a political space for far-left and far-right parties to gain traction, promoting economic nationalism and exploiting concerns about immigration.

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