Since 2008, I have conducted research on themes related to International Political Economy. I am currently the co-chair of the research committee on this topic at the International Political Science Association (IPSA) and am passionate about making sense of the interplay between material and symbolic factors that shape capitalism and globalisation. Being based in Brazil, I was stuck when the country—which did not have salient identity cleavages in politics—came to be, after 2008, a hotspot of religious-based right-wing populism associated with the defence of trade liberalisation as globalisation started to face meaningful backlash from White-majority constituencies who are relatively losers of the post-Cold War order in the advanced industrialised democracies.
I wrote...
Shaping Nations and Markets: Identity Capital, Trade, and the Populist Rage
How do material and symbolic factors interact with each other as far-right populist movements contest globalisation? To answer that question, I compare Brazil, India, and the United States between 2001 and 2022 as those countries changed their preferences on trade liberalisation and witnessed the rise of nationalist-populist movements led by Jair Bolsonaro, Narendra Modi, and Donald Trump.
I contend that ethnic, racial, and religious cleavages ground narratives of national identity. Hence, growing minorities such as evangelicals in Brazil or vanishing majorities like Whites in the US have incentives to increase or at least keep their identity capital—that is, the form of power that stems from their recognition as members of the nation. This, in turn, impacts the fate of the 21st-century global order.
I love the way he explores the interplay between economic ideas and political institutions that culminated in the triumph of market forces in the aftermath of the Cold War. Yet, Gerstle’s most interesting insights lie at the end of the book as he classifies Trump and Modi as ethnonationalist leaders of the same feather as China’s Xi Jinping and Russia’s Vladimir Putin.
Globalisation, however, has not necessarily reached its end, as it may simply be reframed to fit a world whose shape has yet to be defined.
Best Books of 2022: Financial Times Best Non-Fiction Books of 2022: De Tijd Shortlisted for Financial Times Best Business Book of the Year
The most sweeping account of how neoliberalism came to dominate American politics for nearly a half century before crashing against the forces of Trumpism on the right and a new progressivism on the left.
The epochal shift toward neoliberalism-a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces-that began in the United States and Great Britain in the late 1970s fundamentally changed the world.…
In a time when industrial policy is no longer taboo, even in the West, I would recommend this book to remember the pivotal role that state policies play in promoting development.
More than being the result of self-made people, crucial innovations like the smartphone result from the research backbone that the state provides.
The book is, therefore, thought-provoking as it debunks myths of state decline during the so-called neoliberal age, although recognises that private firms have acquired excessive power.
In this sharp and controversial expose, Mariana Mazzucato debunks the pervasive myth that the state is a laggard, bureaucratic apparatus at odds with a dynamic private sector. She reveals in detailed case studies, including a riveting chapter on the iPhone, that the opposite is true: the state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation. The repercussions could stunt economic growth and increase inequality. Mazzucato teaches us…
Being one of the first books to scrutinize the origins of Trumpism and its impact beyond U.S. borders, I very much appreciate the argument that right-wing populism in the West—which includes the forces that culminated in the Brexit process—shall be a catalyser for the power transition to the East.
Hence, the likely end of Western dominance does not arise only from Asian continuous economic growth but would also stem from the centrifugal forces that emerged at the heart of the advanced industrial democracies.
From the winner of the 2016 Orwell Prize and the European Press Prize for Commentator of the Year, a provocative analysis of how a new era of global instability has begun, as the flow of wealth and power turns from West to East.
Easternization is the defining trend of our age — the growing wealth of Asian nations is transforming the international balance of power. This shift to the East is shaping the lives of people all over the world, the fate of nations, and the great questions of war and peace.
I love Anderson’s narrative about the formation of nations in the 19th Century and what he calls print capitalism, promoted through books and newspapers. A market organised around the same language fosters both the economy and the very much-needed feeling of community required to organise the state and foster industrial capitalism.
More than four decades after its publication, the book remains thought-provoking as it makes me ask whether a single language suffices to hold nations and markets together.
What are the imagined communities that compel men to kill or to die for an idea of a nation? This notion of nationhood had its origins in the founding of the Americas, but was then adopted and transformed by populist movements in nineteenth-century Europe. It became the rallying cry for anti-Imperialism as well as the abiding explanation for colonialism. In this scintillating, groundbreaking work of intellectual history Anderson explores how ideas are formed and reformulated at every level, from high politics to popular culture, and the way that they can make people do extraordinary things. In the twenty-first century, these…
As post-Cold War globalisation seems to face its fate, I always go back to this book as it offers lessons on the perils of taking for granted economic rationality. The 19th-century liberal order crumbled, and fascism emerged as a solution. In the same vein, is far-right populism a reaction against the consequences of neoliberalism?
Although he does not bring to the centre stage the impact of ethnic-religious cleavages, such a shortcoming only made me wonder whether his riveting account of modernity applies nowadays.
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.
Desperate to honor his father’s dying wish, Layken Martin vows to do whatever it takes to save the family farm. Once the Army discharges him following World War II, Layken returns to Missouri to find his legacy in shambles and in jeopardy. A foreclosure notice from the bank doubles the threat. He appeals to the local banker for more time—a chance to rebuild, plant, and harvest crops and time to heal far away from the noise of bombs and gunfire.
But the banker firmly denies his request. Now what?
Then, the banker makes an alternative proposition—marry his unwanted daughter, Sara Beth, in exchange for a two-year extension. Out of options, money, and time, Layken agrees to the bargain.
Now, he has two years to make a living off the land while he shares his life with a stranger. If he fails at either, he’ll lose it all.
Desperate to honor his father's dying wish, Layken Martin vows to do whatever it takes to save the family farm.
Once the Army discharges him following World War II, Layken returns to Missouri to find his legacy in shambles and in jeopardy. A foreclosure notice from the bank doubles the threat. He appeals to the local banker for more time-a chance to rebuild, plant, and harvest crops and time to heal far away from the noise of bombs and gunfire.
But the banker firmly denies his request. Now what?
