The Crisis of Globalization : Democracy, Capitalism and Inequality in the Twenty-First Century

DIAMOND Patrick

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Summary

In recent years, the effects of economic openness and technological change have fuelled dissatisfaction with established political systems and led to new forms of political populism that exploit the economic and political resentment created by globalization. This shift in politics was evident in the decision by UK voters to leave the European Union in June 2016, the November 2016 election of Donald Trump to the presidency of the United States, as well as the rise of populist movements on left and right throughout much of Europe. To many voters, the economy appears to be broken. Conventional politics is failing. Parties of the left and centre-left have struggled to forge a convincing response to this new phase of globalization in the aftermath of the 2008 crisis. This book examines the challenges that the new era of globalization poses for progressive parties and movements across the world. It brings together leading thinkers and experts including Andrew Gamble, Jeffry Frieden and Vivien Schmidt to debate the structural causes and political consequences of this new wave of globalization.

Table of contents

Preface 1: Patrick Diamond - The great globalisation disruption: democracy, capitalism, and inequality in the industrialised world PART I: Taking Stock - the rise of the new populism 2: Andrew Gamble - Globalisation and the new populism 3: Jeffry Frieden - The backlash against globalization and the future of the international economic order 4: Patricia Rodi - Populist political communication going mainstream? The influence of populist parties on centre-left parties in Western Europe 5: Silvia Merler - Europeans and Globalisation: does the EU square the circle? 6: Manuel de la Rocha - How can social democratic parties in government deal with the consequences of globalization? PART II: Brexit, Populism and the future of the European Union 7: Loukas Tsoukalis - Brexit and Globalisation: Collateral Damage, Or an Accident Waiting to Happen? 8: Dimitris Tsarouhas - The EU in Crises: Brexit, Populism and the Future of the Union 9: Roger Liddle - Brexit: A consequence of globalisation or a case of British exceptionalism? PART III: What is to be done? Domestic and international policies to deal with globalisation 10: Vivien Schmidt - Where might the next generation of progressive ideas and programmes come from? Contemporary discontents, future possibilities for Europe 11: Lorenza Antonucci - Globalisation as a losing game? Reforming social policies to address the malaise of globalisation's losers 12: Anton Hemerijck & Robin Huguenot-Noel - Social investment beyond lip-service 13: Frank Vandenbroucke - Addressing global inequality: is the EU part of the equation? 14: Jane Gingrich - Social Democracy in an Era of Automation and Globalisation Conclusion: Patrick Diamond