Real World Globalization and Inequality Yesterday and Today a review of Globalization and History: The Evolution of a Nineteenth Century Atlantic Economy

Abstract

This book shows that the current “globalization” buzzword refers to a process that in fact already characterized the nineteenth century until the beginning of the First World War. From then and until the end of the Second World War, the process of globalization was severely reversed—in exempli?cation of one of the authors’ sub-theses that this process can and does have its own ups and downs and is not a one way ever-onward and— upward road, as latter day parlance would have it. During the half century past, the globalization process was reinitiated laboriously but haltingly until the last two and especially the last decade of the twentieth century, when globalism more than globalization recovered the reach it had already nearly a century earlier. Although this book focuses on the nineteenth century period, the authors nonetheless express important concerns for present and future praxis and policy.