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Freakonomics Radio

519. Has Globalization Failed?

Freakonomics Radio

Freakonomics Radio + Stitcher

Society & Culture, Documentary

4.632K Ratings

🗓️ 20 October 2022

⏱️ 46 minutes

🧾️ Download transcript

Summary

It was supposed to boost prosperity and democracy at the same time. What really happened? According to the legal scholar Anthea Roberts, it depends which story you believe.

Transcript

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0:00.0

So one big promise of globalization was that countries as they became more integrated

0:08.2

in the global economy would also modernize on a political dimension.

0:13.0

Some people argue that economic globalization was going to be the US's best ever effort

0:18.3

at spreading democracy.

0:20.5

I'm curious how successful or unsuccessful you think that's been.

0:24.0

One of the things that I think has clearly come out from both Russia and China is that

0:28.3

has not borne fruit in quite the way.

0:30.9

The United States may have hoped, but part of it may also be that the US may be retelling

0:36.4

that story a little bit.

0:37.6

It may have been that they wanted to say that it was about democracy, but actually a lot

0:42.0

of it was also just about their own economic interests and now their understanding of their

0:45.3

economic interests have changed.

0:48.8

What kind of stories do we tell ourselves about economic globalization, about how countries

0:54.0

interact and compete with each other?

0:57.0

That is a question and thea Roberts has spent years thinking about.

1:00.9

She is a lawyer by training and now a professor at the Australian National University.

1:06.3

She is also the co-author with Nicholas Lamp of a book called Six Faces of Globalization

1:13.2

Who wins, Who loses and why it matters.

1:17.0

Their main point is simple but also profound.

1:21.1

We all tell stories about our economic lives, we as individuals and countries too, but we

1:27.4

don't all tell the same story.

1:29.9

Maybe you prefer the story about how a rising tide lifts all boats, or the story about

...

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