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.

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Other Writing:

Essay

The State of Statelessness

In August 8, 1897, Michele Angiolillo, an Italian anarchist, shot Antonio Cánovas del Castillo, the Prime Minister of Spain. Cánovas had dominated Spanish politics for decades, even during periods when he was nominally out of office, helping shore up Spain’s tottering monarchy and its possession of Cuba and the Philippines through torture and wide-scale military ...
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Chapter in an Edited Volume

“Constructing Mid-Range Theories of Trust: The Role of Institutions” in Whom Can We Trust? How Groups, Networks, and Institutions Make Trust Possible (the Capstone volume of the Russell Sage Foundation project on Trust) – eds. Karen Cook, Russell Hardin and Margaret Levi

The last fifteen years have seen an explosion in research on trust, but there are still important gaps in our understanding of its sources and consequences.1 In particular, we know relatively little about the relationship between trust and the other sources of cooperation that social scientists have identified, most prominently institutions, sets of rules that ...
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