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Outside the Box: How Globalization Changed from Moving Stuff to Spreading Ideas

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From the acclaimed author of The Box, a new history of globalization that shows us how to navigate its future

Globalization has profoundly shaped the world we live in, yet its rise was neither inevitable nor planned. It is also one of the most contentious issues of our time. While it may have made goods less expensive, it has also sent massive flows of money across borders and shaken the global balance of power. Outside the Box offers a fresh and lively history of globalization, showing how it has evolved over two centuries in response to changes in demographics, technology, and consumer tastes.

Marc Levinson, the acclaimed author of The Box, tells the story of globalization through the people who eliminated barriers and pursued new ways of doing business. He shows how the nature of globalization changed dramatically in the 1980s with the creation of long-distance value chains. This new type of economic relationship shifted manufacturing to Asia, destroying millions of jobs and devastating industrial centers in North America, Europe, and Japan. Levinson describes how improvements in transportation, communications, and computing made international value chains possible, but how globalization was taken too far because of large government subsidies and the systematic misjudgment of risk by businesses. As companies began to account properly for the risks of globalization, cross-border investment fell sharply and foreign trade lagged long before Donald Trump became president and the coronavirus disrupted business around the world.

In Outside the Box, Levinson explains that globalization is entering a new era in which moving stuff will matter much less than moving services, information, and ideas.

ISBN-13: 9780691191768

Media Type: Hardcover

Publisher: Princeton University Press

Publication Date: 09-15-2020

Pages: 288

Product Dimensions: 6.40(w) x 9.30(h) x 1.00(d)

Marc Levinson is the author of several books, including The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger (Princeton) and The Great A&P and the Struggle for Small Business in America. He was formerly finance and economics editor at The Economist and a senior fellow at the Council on Foreign Relations. He lives in Washington, DC.

What People are Saying About This

From the Publisher

"Levinson deals lucidly with thorny matters. . . . A rational, welcome exploration of an international trade that is now at a crossroads, becoming less global than regional."Kirkus Reviews

"Marc Levinson's The Box is the best single book about globalization as it struck and remade the world. His Outside the Box is a superb look at how globalization is itself changing—and in the process hopefully changing us from a world in which globalization has big winners and losers to one in which globalization is truly win-win."—J. Bradford DeLong, coauthor of The End of Influence: What Happens When Other Countries Have the Money

"Stimulating. In this excellent book, Levinson brings new insights to the story of globalization."—Mira Wilkins, author of The History of Foreign Investment in the United States, 1914–1945

"A sweeping and lucid account of the world's encounter with globalization across the past century. Marc Levinson is especially illuminating about the current moment, and how globalization's new 'operating system' is quietly but powerfully reshaping the spheres in which we live and work. Outside the Box superbly dissects the inner workings of the international economy."—Gary Gerstle, author of Liberty and Coercion: The Paradox of American Government from the Founding to the Present

Table of Contents

Introduction 1

Part I Coming Together

1 Global Dreams 13

2 The First Globalization 24

3 Retreat 35

4 North and South 45

Part II One World

5 The Container Revolution 59

6 Hot Money 67

7 Kindling 76

8 "A Giant Sucking Sound" 85

Part III Tales of Excess

9 Dentist Ships 99

10 Hand on the Scale 107

11 The China Price 117

12 Capturing Value 128

Part IV Global Fears

13 Giants Afloat 143

14 Risks Unmeasured 152

15 The Crisis in Global Finance 161

16 Backlash 173

Part V The Fourth Globalization

17 Red Tide 185

18 Food Miles 196

19 Broken Chains 208

20 The Next Wave 218

Acknowledgments 231

Notes 233

Index 261