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.

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Essay

America’s Misuse of Its Financial Infrastructure – with Abraham Newman

April 15, 2019 The National Interest with Abraham Newman
THREE DECADES ago, a German history professor listed 210 proposed explanations for the fall of the Roman Empire. The remarkable array included such fanciful causes as Bolshevism, public baths, hedonism, the pressure of terrorism and, most famously, lead poisoning. The last explanation has been discredited. It is highly unlikely that lead water pipes caused the ...
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Academic Article

Breaking the Path of Institutional Development: Alternatives to the New Determinism in Political Economy

February 9, 2004 Rationality and Society with Colin Crouch
The concept of path dependence is being used in highly deterministic ways in neo-institutionalist analysis, so that studies using this framework have dif.culty in accounting for, or predicting, change. However, the original Polya urn model from which pathdependence theory draws predicts that alternative paths will be possible. It can then be argued that actors will ...
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