Abstract:Recent events have highlighted areas of conflict between economic integration with the outside world and the demands of domestic electorates. Historically, the tradeoffs have always become sharper in periods of crisis, such as the present. After reviewing the U‐shaped progress of globalization since the nineteenth century, this essay reconsiders John Maynard Keynes's views on “national self‐sufficiency” in the early 1930s. I argue that the postwar Bretton Woods system he helped to create evolved from those vie… Show more
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