5 ms·

I think globalization may setback but in long term it will pick up. Back in late 19th century Britain managed to pull off a globalization through empire buildi

I think globalization may setback but in long term it will pick up. Back in late 19th century Britain managed to pull off a globalization through empire building, advancements of technology as well as global trading. The two world wars and the cold war put globalization on hold for seventy years, but then US picked it up and started the second trend, which gradually see setback after the financial crisis.

jcadam 5y ago
Hey, it's possibly cyclical. The end of the Pax Romana resulted in the collapse of Mediterranean trade for centuries - if you think of the ancient mediterranean world as a smaller form of "global" there might be some historical parallels to the waning of the current "system."
- tonyedgecombe 5y ago
  It looks like it may have reached a plateau. I would be surprised it it reversed, especially with the anti-immigration sentiment that seems so common in the developed world right now. https://twitter.com/adam_tooze/status/1421115868117979137 https://twitter.com/adam_tooze/status/1421115868117979137
- anshumankmr 5y ago
  I personally fear that in a de-globalized world, there is a higher chance of a third World War. Of course, there is the policy of M.A.D, but that seems like such a weird place to be in.
  - jcadam 5y ago
    Absolutely. I think we're returning to a multi-polar situation like we had prior to WWI. Without a clear global hegemon - great power competition could definitely lead to a major war.
    - anshumankmr 5y ago
      To be honest, we are already in a multi polar situation. USA is still a superpower, China is definitely one. Russia is not "super" but it is reemerging as a force to contend with. The OPEC Countries are one bloc of their own. Then there are places like Iran, Venezuela, Cuba that are somehow immune to foreign pressure.Then there are countries like India where we play on many sides.

jcadam 5y ago

Hey, it's possibly cyclical. The end of the Pax Romana resulted in the collapse of Mediterranean trade for centuries - if you think of the ancient mediterranean world as a smaller form of "global" there might be some historical parallels to the waning of the current "system."

tonyedgecombe 5y ago
It looks like it may have reached a plateau. I would be surprised it it reversed, especially with the anti-immigration sentiment that seems so common in the developed world right now. https://twitter.com/adam_tooze/status/1421115868117979137 https://twitter.com/adam_tooze/status/1421115868117979137
anshumankmr 5y ago
I personally fear that in a de-globalized world, there is a higher chance of a third World War. Of course, there is the policy of M.A.D, but that seems like such a weird place to be in.
- jcadam 5y ago
  Absolutely. I think we're returning to a multi-polar situation like we had prior to WWI. Without a clear global hegemon - great power competition could definitely lead to a major war.
  - anshumankmr 5y ago
    To be honest, we are already in a multi polar situation. USA is still a superpower, China is definitely one. Russia is not "super" but it is reemerging as a force to contend with. The OPEC Countries are one bloc of their own. Then there are places like Iran, Venezuela, Cuba that are somehow immune to foreign pressure.Then there are countries like India where we play on many sides.