Intelligence Squared What if Globalisation Fails? with Ben Chu
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Jul 10, 2025 Ben Chu, an economics journalist and author of 'Exile Economics', dives into the potential fallout of failing globalization. He explores whether nations can thrive independently or if that’s just an illusion. The discussion covers the resurgence of energy nationalism, the intricate ties between China and Western economies, and how recent crises have fueled the push for self-sufficiency. Chu also delves into the complexities of global supply chains and historical trends of autarky, highlighting the delicate balance between independence and interdependence.
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Globalization's Resilience
- Globalization is more resilient than many expect, despite political moves to slow it down.
- Attempts to sever global economic ties often cause significant disruption and backlash.
Exile Economics Defined
- "Exile economics" describes the political desire to undo multilateral cooperation and strive for national self-sufficiency.
- This trend reflects efforts to reduce global interdependence following major shocks like the pandemic and the Ukraine war.
Deep Roots of Autarky
- The idea of autarky, or self-sufficiency, has deep historical and philosophical roots dating back to ancient Greece.
- Political leaders often evoke this to appeal to national pride and perceived strength through independence.
