Henry Farrell

Will the Coronavirus End Globalization as We Know It? – with Abraham Newman

The new coronavirus is shaping up to be an enormous stress test for globalization. As critical supply chains break down, and nations hoard medical supplies and rush to limit travel, the crisis is forcing a major reevaluation of the interconnected global economy. Not only has globalization allowed for the rapid spread of contagious disease but it has fostered deep interdependence between firms and nations that makes them more vulnerable to unexpected shocks. Now, firms and nations alike are discovering just how vulnerable they are.

But the lesson of the new coronavirus is not that globalization failed. The lesson is that

Henry Farrell and Abraham Newman, “Will the Coronavirus End Globalization as We Know It?,” Foreign Affairs (online), March 16, 2020.

Access the full article here.

Other Writing:

Chapter in an Edited Volume

Public Governance and Global Politics after COVID-19, COVID-19 and World Order: The Future of Conflict, Competition, and Cooperation – with Hahrie Han – eds. Hal Brand and Francis J. Gavin

September 8, 2020 eds. Hal Brand and Francis J. Gavin Johns Hopkins University 2020 with Hahrie Han
The COVID-19 crisis is a major shock to the existing complex of global rules sometimes described as the “liberal international order.” This order heavily emphasized global openness in trade and information flows, and it favored the presumptive liberalization of non-democratic societies that would naturally emerge from it. Yet the liberal order fell short of its ...
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Essay

Slaves of Defunct Economists: Why Politicians Pursue Austerity Policies That Never Work

March 2, 2013 Book review The Washington Monthly
On January 25, the British statistics office announced that the United Kingdom’s economy had shrunk by 0.3 percent in the last quarter of 2012. After enduring two recessions in the last four years, Britain is now well on its way into a third. The pain has been compounded by a succession of austerity budgets, in ...
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