Exile Economics: What Happens if Globalisation Fails

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A provocative essay exploring how isolationism weakens the global economy.

Nations are turning away from each other via sanctions, trade wars and real wars. With every shock, governments double down on self-sufficient economics and the global supply chain weakens. "Securonomics" sounds resilient, but it's terrible news for individual prosperity, shared equality, national security and international cooperation. A striving for national self-sufficiency is shaping up to be one of the greatest forces of twenty-first century geopolitics and economics - yet it is a desire that is only hazily understood, both in its nature and its consequences.

In Exile Economics,Ben Chu lays out the dangers of the current obsession with isolationism. By focusing on some key internationally traded commodities - agriculture, energy, metals and high-technology - he demonstrates just how thoroughly enmeshed and almost unfathomably interconnected our economies have become. Exile Economics will be an essential guide to this new world in all its promise and peril.

Author Bio

Ben is an experienced journalist, speaker and broadcaster who specialises in economics and current affairs. He is Policy and Analysis Correspondent at BBC Verify. Previously he was the Economics Editor of BBC Newsnight.

Ben was nominated for business journalist of the year at the 2015 British Journalism Awards and for business commentator of the year at the 2018 Comment Awards. He sits on the international advisory board of the Sheffield Political Economy Research Institute (SPERI). He is also a member of the Society of Professional Economists. Ben's first book Chinese Whispers: Why everything you've heard about China is wrong was nominated for International Affairs Book of the Year at the Paddy Power Political Book Awards in 2014.