The Levelling: What's Next After Globalization

(Hardback)

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The world is at a turning point. While globalization benefited many, it produced extremes with drastic wealth inequality, indebtedness, and political volatility among the most important. As the ground underneath globalization undergoes tectonic shifts, noisy, chaotic, and disorderly events--such as Brexit and the election of Donald Trump--are the first harbingers of a world being turned upside down.

In this book, Michael O'Sullivan shows the many ways the levelling of the twenty-first century will unfold: The levelling-out of wealth between rich and poor countries; of power between nations and regions; of political accountability and responsibility between political leaders and "the people"; and of institutional power--away from central banks and defunct twentieth-century institutions such as the WTO and IMF.

The Levelling comes at a crucial time in the rise and fall of nations and has special importance for Americans as our place in the world undergoes radical change--the ebbing of our influence, profound questions over our economic model, the apparent decay in our society, and turmoil in our public life-- before our very eyes.

Reviews

"Michael O'Sullivan chronicles a 'world turned upside down' in this fascinating new book detailing the twenty-first century's seismic shifts in technology, the global economy, and the balance of power. His call for a revival of democracies under siege in Britain, the US, and elsewhere is critical for the stable, productive, and peaceful world we all seek."--Nicholas Burns, professor, Harvard University, and former US Under Secretary of State
"With a generous nod to the work of previous authors and experts, the author offers a solid synthesis of prognosis and practical solutions... the concept of O'Sullivan's Levelling presentation is fresh and thought-provoking."--Kirkus Reviews

Author Bio

Michael O'Sullivan grew up in Ireland where he studied economics and finance, and then earned MPhil and DPhil degrees in international finance as a Rhodes Scholar at Oxford University. He then continued life as a professor at Princeton University and later moved back to Europe as investment strategist at UBS and now at Credit Suisse as chief investment officer where he uses the tough discipline of market forces to assess what is happening in the world in real time.