The death of globalisation?

Analysis

BBC

Government, Politics, News

4.6 • 1K Ratings

🗓️ 27 February 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Professor Ian Goldin explores globalisation, and asks how far the world is fragmenting politically and economically, and what the consequences of that could be.

Since around 1990, with the end of the Cold War, the opening of China, global agreements to reduce trade barriers and the development of the internet, there has been a dramatic acceleration of globalisation.

But its shortcomings are under the spotlight. Governments are making policy choices that protect their industries, and there’s a knock on effect on other countries and consumers around the world.

How can the challenges be addressed?

With contributions from:

Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation. Minouche Shafik, President and vice-chancellor of the London School of Economics Zanny Minton Beddoes, Editor of The Economist Rana Foroohar, Financial Times commentator and author. Kishore Mahbubani, former Ambassador to the UN

Credits: CBS News, 24.09.19 – Donald Trump addressing the UN General Assembly in New York, pushing his ‘America First’ agenda. Conservative party, 02.10.19 – Boris Johnson at Conservative party conference ‘Let’s get Brexit done.’ The White House, 04.03.22 – Joe Biden announce his ‘Made in America’ commitments. World Economic Forum, 18.01.23 - German Chancellor, Olaf Scholz, addresses the World Economic For in Davos, warning of the dangers of de-globalisation. BBC Newsnight,19.02.97 - Reporter Mike Robertson, reports on Xiao Ping’s economic legacy. BBC interview, 2005 - Tim Berners Lee describes the creation of the worldwide web. BBC Newsnight, 10.11.89 – reporter piece from the Berlin Wall. BBC Radio 5Live, 26.01.23 – Latest UK car manufacturing figures from 5Live presenter Rachel Burden and detail from BBC Business editor, Simon Jack. Courtesy, Ronald Reagan Presidential Library, 26.11.88 – Ronald Reagan’s radio address to the nation where he reminds the US to be thankful for economic prosperity generated by global trade. Courtesy, William J. Clinton Presidential Library, 28.01.2000 - President Clinton addresses the World Economic Forum about the connections between the global economy and US prosperity.

Transcript

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0:00.0	Just before this BBC podcast gets underway, here's something you may not know.
0:04.6	My name's Linda Davies and I Commission Podcasts for BBC Sounds.
0:08.4	As you'd expect, at the BBC we make podcasts of the very highest quality featuring the most knowledgeable
0:14.3	experts and genuinely engaging voices. What you may not know is that the BBC
0:20.4	makes podcasts about all kinds of things like pop stars,
0:24.6	poltergeist, cricket, and conspiracy theories and that's just a few examples.
0:29.7	If you'd like to discover something a little bit unexpected, find your next podcast over at BBC Sounds.
0:36.0	Thank you for listening to this edition of Analysis, in which Professor Ian Golden exploresisation and asks how far the world is
0:45.1	fragmenting politically and economically and what the consequences of that could be.
0:50.6	We hope you enjoy the program.
0:56.8	The future does not belong to globalists. The future belongs to Patriots.
1:03.0	That is why we are coming out of the EU on October the 31st, come what May.
1:10.0	Conference... Let's get Brexit done.
1:15.0	Our manufacturing future, our economic future, our
1:20.0	economic future, our solutions to the climate crisis, they're all going to be made in America.
1:27.0	That was Donald Trump, Boris Johnson, and Joe Biden.
1:31.0	We may be witnessing the death knells of globalization.
1:35.0	And overall of this hangs a sword of Damocles, the danger of a new fragmentation of the world
1:40.9	of de-globalization and decoupling.
1:44.0	That's Germany's Chancellor Olaf Schultz,
1:47.0	voicing his concerns that the world is breaking up, politically and economically.
1:52.0	And all this at a time when we are struggling to recover
	...

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