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:

Chapter in an Edited Volume

Privatization as State Transformation

Privatization is an ambiguous term covering many loosely related phenomena. In this essay, I focus on one specific aspect of privatization-the privatization of governance. This sidesteps arguments about the presumed efficiency gains of, e.g., turning state-owned entities into for-profit corporations, and highlights the political consequences of privatization-how it takes decisions which had once been within ...
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Essay

Chained to Globalization – with Abraham Newman

Why It’s Too Late to Decouple In 1999, the columnist Thomas Friedman pronounced the Cold War geopolitical system dead. The world, he wrote, had “gone from a system built around walls to a system increasingly built around networks.” As businesses chased efficiency and profits, maneuvering among great powers was falling away. An era of harmony was at ...
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