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Title details for Homecoming by Rana Foroohar - Available

Homecoming

The Path to Prosperity in a Post-Global World

by Rana Foroohar
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A sweeping case that a new age of economic localization will reunite place and prosperity, putting an end to the last half century of globalization—by one of the preeminent economic journalists writing today
“This invaluable book is as bold in its ambitions as it is readable.”—Ian Bremmer, New York Times bestselling author of The Power of Crisis
ONE OF THE BEST BOOKS OF THE YEAR: Kirkus Reviews
At the dawn of the twenty-first century, Thomas Friedman, in The World Is Flat, declared globalization the new economic order. But the reign of globalization as we’ve known it is over, argues Financial Times columnist and CNN analyst Rana Foroohar, and the rise of local, regional, and homegrown business is now at hand.
 
With bare supermarket shelves and the shortage of PPE, the pandemic brought the fragility of global trade and supply chains into stark relief. The tragic war in Ukraine and the political and economic chaos that followed have further underlined the vulnerabilities of globalization. The world, it turns out, isn’t flat—in fact, it’s quite bumpy.
 
This fragmentation has been coming for decades, observes Foroohar. Our neoliberal economic philosophy of prioritizing efficiency over resilience and profits over local prosperity has produced massive inequality, persistent economic insecurity, and distrust in our institutions. This philosophy, which underpinned the last half century of globalization, has run its course. Place-based economics and a wave of technological innovations now make it possible to keep operations, investment, and wealth closer to home, wherever that may be.
 
With the pendulum of history swinging back, Homecoming explores both the challenges and the possibilities of this new era, and how it can usher in a more equitable and prosperous future.

  • Creators

  • Publisher

  • Release date

    October 18, 2022

  • Formats

    • OverDrive Read

      • ISBN: 9780593240540

    • EPUB ebook

      • ISBN: 9780593240540
      • File size: 1629 KB

  • Languages

    • English

  • Reviews

    • Library Journal

      May 1, 2022

      Arguing that globalization has created economic inequality and distrust, Financial Times/CNN regular Foroohar points to the pandemic's supply-chain disruptions and the rise of everything from decentralized manufacturing and digital currencies to argue that the globalized economy will soon be overshadowed by rising local, regional, and home-grown businesses.

      Copyright 2022 Library Journal, LLC Used with permission.

    • Publisher's Weekly

      August 22, 2022
      Globalization has yielded supply shortages, hostile superpowers, the hoarding of essential commodities, and the collapse of small businesses under the weight of massive retail chains, according to this ardent call for change. Arguing that the benefits of globalization have accrued at the “very top” and the “very bottom” of the marketplace, Financial Times columnist Foroohar (Don’t Be Evil) advocates for a slew of policies designed to promote and protect local interests in agriculture, manufacturing, housing, and finance. Debunking the myth that globalization produces free societies, Foroohar details how China and other countries have used free trade in self-serving ways, undermining their trading partners and destabilizing global politics. Throughout, Foroohar offers fascinating glimpses into the future, describing, among other innovations, farms grown in shipping containers, sustainable homes fashioned by 3D printers, and affordable education programs that provide career paths for students and needed skill sets for regional businesses. Though the obstacles to untangling global interdependencies on oil, grain, and other resources are somewhat underdeveloped, Foroohar lucidly explains complex financial and political matters and draws sharp profiles of imaginative labor organizers, business leaders, and policymakers. This astute survey provides a welcome measure of hope.

Formats

  • OverDrive Read
  • EPUB ebook

subjects

Languages

  • English

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