Backlash Against Globalisation and the Shadow of Phobos

Abstract

This article addresses challenges to the established international order. Its critique becomes particularly discernible at the domestic level, where political and economic frameworks are contested by electorates and anti-establishment movements in Western countries, engulfed by anti-globalisation sentiments and disillusioned with the asymmetric formula of globalisation. Populism implies that the ‘social revolt’ facing the West today, regardless of whether it takes place in France, Greece, Hungary, Poland, the UK or the USA, is not a legitimate response to deep-seated problems but rather is the problem itself. The main aims of this article are to investigate what has caused this surge of support for populism in the West; what the role of the default system of economic governance is in inspiring populist resentment; and, finally, what the identity crisis, stemming from ‘hyperglobalisation’, and wrecking the social order in Western societies has to do with fear, (un)fairness and the redistributive effects of economic globalisation.

Challenges to globalization and its impact on prevailing international liberal order

“…The nationalist reaction against globalization and political elites can escalate the creation of new political cleavages, discourage or forestall compromises, or sabotage the authenticity of political institutions. Nationalists may target the set up global order and liberal democracy (Rewizorski, 2021).…”

“…There is a far and wide view that the impacts of globalization, including unreasonable worldwide trade, capital portability, and repeating economic and monetary crises, may prompt increased joblessness, decreased wages, slowing down growth rates and scarcity, which stirs radicalization and dissatisfaction. The Central Europe, which is also considered as the Eastern frontier of the West is suffering disparity and financial hardship as a victim of globalization, certainly making rich justification for the ascent of tyrant populism (Rewizorski, 2021).…”

“…Nationalist parties are mainly motivated by dread and monetary anxiety. In France, Italy as well as in Austria a majority of respondents recognize globalization as a threat and demonstrate the utmost level of economic apprehension at 54, 45 and 55 per cent, correspondingly (Rewizorski, 2021).…”

“…Secondly, they are against liberalized money and investment as it leads to economic crisis which sabotage trust in business sectors, state organizations, and increment financial and political uncertainty. At last, immigration is portrayed as a forerunner of adverse labor market influences, particularly for less-skilled individuals, which nationalist parties exploit by censuring the elites for the crisis and promising transient insurance (Rewizorski, 2021).…”

“…He argued that the liberal movement throughout the West will rapidly fade away. An approaching political crisis indicated by the reaction of right and left wing-nationalisms on the two sides of the Atlantic combined with complaints over multiculturalism and immigration will intensify inside strains inside democracies delivered by globalization, speed up the erosion of political institutions, and destroy majority rule standards (Rewizorski, 2021).…”