The World Economy and the Great War

Tooze, Adam; Fertik, Ted

doi:10.13109/gege.2014.40.2.214

Cited by 23 publications

(7 citation statements)

References 17 publications

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“…Trade patterns shifted too, leading Adam Tooze and Ted Fertig to characterize this period as 'not so much a deglobalization as a decentering of Europe'. 48 Indeed, any broad theories of globalization or deglobalization in the interwar period seem far more brittle upon closer inspection because different facets changed in different ways at different times in different places. As Frederick Cooper has noted, globalization theories are problematic just like modernization theory was in the past, because '[t]he key variables of transition did not vary together'.…”

Section: Global Dis:connections and Communicationsmentioning

confidence: 99%

Forum Global Dis:connections

et al. 2023

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Section: Global Dis:connections and Communicationsmentioning

confidence: 99%

Forum Global Dis:connections

et al. 2023

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“…An integrated world economy, in which international trade and capital movements facilitated disruptions to the balance of power as well as imperialist rivalries, incubated World War I (Tooze & Fertik, 2014; Wolf, 2019). World War II grew instead out of a world of economic nationalism.…”

Section: Addressing Our Crisis: Obstacles and Promisementioning

confidence: 99%

Globalization and nationalism: Retrospect and prospect

Obstfeld

2021

Contemporary Economic Policy

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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 views as a balanced middle ground between market forces and governments' desires for domestic economic stability. The gradual erosion of that balance in favor of the market has helped produce discontent over globalization and more nationalism in politics. Enhanced multilateral cooperation in key areas offers the hope of supporting globalization while better meeting voters' aspirations. Despite daunting political obstacles to global cooperation these days, collective action challenges in areas such as climate, cybersecurity, and health—alongside economic policy—are becoming only more pressing over time.

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“…Finally, what about WWI? Adam Tooze and Ted Fertik (2014) argue that we should not regard it as having ended the globalization of the late nineteenth century, since it was itself a globalised conflict, involving high levels of international borrowing and lending and the large-scale transfer of military resources between continents. The point is well made.…”

Section: World War Imentioning

confidence: 99%

“…Or did it represent, at least to some extent, an even more dramatic form of anti-globalization backlash? Tooze and Fertik (2014) make what is perhaps the most direct connection between globalization and war: capital flows and technology transfer helped Russia converge on the established powers. This disrupted preexisting geopolitical equilibria and led Germany in particular to devise military strategies to counter the threat.…”

Section: World War Imentioning

confidence: 99%