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Crisis of globalisation: Kindleberger versus Keynes

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Many prominent thinkers today agree that the post-covid-19 world will have less globalisation and more nationalism. From the globalist, liberal, internationalist point of view, our main challenge is “resisting the drift to autarky and nationalism and embracing instead the challenge of re-globalisation".

Yet, we ought not to see either economic nationalism or globalisation as take-it-or-leave-it packages. We can and indeed must pick and choose as we experiment our way out of this crisis.

Once again, a crisis has revealed deep structural flaws in what is patently a hierarchical and highly unstable global division of labour.

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