The Globalization Myth: Why Regions Matter

A case for why regionalization, not globalization, has been the biggest economic trend of the past forty years

The conventional wisdom about globalization is wrong. Over the past forty years as companies, money, ideas, and people went abroad, they increasingly looked regionally rather than globally. O'Neil details this transformation and the rise of three major regional hubs in Asia, Europe, and North America. Current technological, demographic, and geopolitical trends look only to deepen these regional ties. O'Neil argues that this has urgent implications for the United States. Regionalization has enhanced economic competitiveness and prosperity in Europe and Asia. It could do the same for the United States, if only it would embrace its neighbors.

ISBN-13: 9780300274110

Media Type: Paperback

Publisher: Yale University Press

Publication Date: 10-17-2023

Pages: 240

Product Dimensions: 6.12(w) x 9.25(h) x (d)

Series: Council on Foreign Relations Books

Shannon K. O’Neil is the vice president of studies and Nelson and David Rockefeller Senior Fellow for Latin American Studies at the Council on Foreign Relations.

Table of Contents

Introduction: The Untold Story of Regionalization amid Globalization 1

1 The Rise of Regional Supply Chains 17

2 Europe: Regionalism through Diplomacy 38

3 Asia: Regionalism through Business 69

4 North America: The Reluctant Regionalist 95

5 Going Forward: As Supply Chains Peak, Regional Ties Deepen 129

6 The United Stares' Best Bet: More NAFTAs and Fewer America Firsts 155

Acknowledgments 171

Notes 173

Index 219

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