How scarcity pushes globalization

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Open this photo in gallery: THE GLOBE AND MAIL. SOURCES: GETTY IMAGES Harold James is the Claude and Lore Kelly professor in European studies and professor of history and international affairs at Princeton University. His most recent book, Seven Crashes: The Economic Crises That Shaped Globalization, is a finalist for this year’s Lionel Gelber Prize. Many people today believe that globalization is collapsing. In this view, the world is replaying the tragedies of the 1930s, with rival blocs and escalating military conflict. But really the Great Depression analogy is wrong. The COVID-induced supply shortages that jolted contemporary globalization have different...