O'Sullivan, Michael
The Levelling: What's Next After Globalization
- ISBN 13:
- 9781541724068
- author:
- O'Sullivan, Michael
- format:
- Hardback
- publisher:
- PublicAffairs,U.S.
- language:
- English
- Publication Year:
- 2019
- Pages:
- 368
- Dimensions:
- 23.5 x 15.2 centimetres
- Genre:
- Business, Economic Conditions, Nonfiction,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The world is at a turning point, similar to the fall of communism. As globalization ends and new power centers emerge, we are witnessing a major transition in world economics, finance, and power. This shift has created a world characterized by wealth inequality, indebtedness, political recession, and imbalances across economies. Michael O'Sullivan identifies this phenomenon as "the levelling", where the benefits of globalization - such as free flow of money, people, ideas, and trade - have been many, but at the cost of a more uneven distribution of wealth. The Levelling is about a levelling-out of wealth between poor and rich countries, power between nations and regions, political accountability from elites to the people, and institutional power away from central banks. O'Sullivan offers pragmatic solutions to critical problems such as political discontent, stunted economic growth, and the productive functioning of finance. This timely analysis has special importance for the US as its place in the world undergoes radical change, with profound questions over its economic model, societal decay, and public life turmoil.
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