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Exile Economics: What Happens if Globalisation Fails

Ben Chu

6 Reviews

Rated 0

Comparative politics, International relations, Popular economics

A striving for national self-sufficiency is shaping up to be one of the greatest forces of twenty-first century geopolitics - Exile Economics is a provocative warning about the risks of abandoning globalisation and how isolationism weakens the global economy.

THE MUST-READ GUIDE TO THE TRADE WAR

'A smart, vivid and humane account of the way the world really works' TIM HARFORD

'This is the book to read if you want to understand what might be about to hit the world economy' EVAN DAVIS

The dangerous race for self-sufficiency has begun. Be warned.

Nations are turning away from each other. Faith in globalisation has been fatally undermined by the pandemic, the energy crisis, surging trade frictions and swelling great power rivalry. A new vision is vying to replace what we've known for many decades. This vision - Exile Economics - entails a rejection of interdependence, a downgrading of multilateral collaboration and a striving for greater national self-sufficiency. The supporters of this new order argue it will establish genuine security, prosperity and peace. But is this promise achievable? Or a seductive delusion?

Through the stories of globally traded commodities - from silicon to steel and from soybeans to solar panels - economics journalist Ben Chu illustrates the intricate web of interdependence that has come to bind nations together - and underlines the dangers of this new push to isolationism. Exile Economics is an essential guide to this new world in all its promise and peril.

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Praise for Exile Economics: What Happens if Globalisation Fails

  • Ben Chu is a brilliant guide both to economic ideas and to hard economic reality. Exile Economics is a smart, vivid and humane account of the way the world really works - and the dangers that now face us all

  • In this beautifully written and researched book, Ben Chu lays out clearly and compellingly why seeking self-sufficiently, in everything from food to energy, technology to talent, is more likely to undermine than strengthen growth and security given the interdependency of modern supply chains

  • Ben Chu is one of the most outstanding economic journalists of our time. He writes with brilliant clarity, diligence and compassion

  • A superb and well-reasoned discussion of the issue that may come to affect all our lives . . . This is the book to read if you want to understand what might be about to hit the world economy

  • As Chu eloquently shows, a world built on open trade is much better than the alternative

  • Chu has delivered a powerful attack on what he calls "exile economics" . . . There are far better alternatives to "exile". He is so right

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Ben Chu

Ben Chu is the Economics Editor of the INDEPENDENT. He was born and brought up in Manchester, and studied Modern History at Jesus College, Oxford.

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