------------ EH.NET BOOK REVIEW --------------
Published by EH.NET (May 2006)
Jurgen Osterhammel and Niels P. Petersson, _Globalization: A Short
History_. (Translated from the German by Dona Geyer.) Princeton, NJ:
Princeton University Press, 2005. xi + 182 pp. $23 (hardcover), ISBN:
0 691 12165 6.
Reviewed for EH.Net by Kevin H. O'Rourke, Department of Economics,
Trinity College Dublin.
This is a short book on a big topic, and as such is sure to appeal to
a fairly wide readership. Its aim is to provide a brief introduction
to the history of globalization, stretching back into the Middle
Ages, in around 150 pages. Given that aim, it seems a shame that the
first two chapters are devoted to terminological and methodological
issues, but this is a book evidently aimed at social theorists who
worry about such things, rather than at economic historians who are
content to examine the more tangible dimensions of economic
globalization -- trade, labor migration and capital flows -- one at a
time.
Once they get onto the history, the judgment of the authors seems for
the most part fairly sound. Thus, they emphasize the important roles
played by the Muslim, Mongol and Iberian empires in creating links
between different regions of the world, as well as the break-through
role of the Industrial Revolution. On one or two occasions, their
perspective does seem to be a little Eurocentric. Thus, they
characterize the period 1846-80 as an "age of free trade," although
the republics and dominions of the New World were protectionist
during this period, and Asia and Africa were free-trading afterwards.
They also spend a lot of time on the Bretton Woods institutions in
discussing the 1945-1970s period, thus giving the impression of a
world increasingly influenced by international institutions, when
they might just as well have emphasized the dramatic inward turn of
large swathes of the planet associated with communism or the collapse
of European empires. Another example comes on p. 117, when the
authors state that "economic and political cooperation within a
framework of European structures may even have been necessary for the
survival of the nation-state model." European inter-state political
cooperation has indeed been a great success, but even a cursory look
at the non-European evidence suggests that nation states can indeed
survive without such structures. On the other hand, whenever this
reviewer started to sharpen his quill in anticipation of highlighting
such egregious errors of judgment, he would inevitably find that the
text implicitly or explicitly acknowledged the contradictory nature
of the evidence a few paragraphs or pages later.
The main flaw of the book, it seems to me, is the fact that its
narrative ends some time in the mid-1970s. To most economists this
will seem like Hamlet without the prince, for it is only since the
1980s that China, India, and many other developing countries have
started embarking on radical reform programs leading to their
reinsertion into the international economy after decades of
self-imposed isolation. To be fair, this is briefly mentioned in the
concluding chapter, but more emphasis on the phenomenon would have
been helpful. However, it is probably no harm for economists to have
their preconceptions challenged in this way from time to time. To us,
the Cold War obviously led to de-globalization, but it probably did
also lead to "a new kind of globalization ... as people slowly
perceive the world as a ... community of fate threatened by nuclear
annihilation."
The book is a useful reminder, to those who need reminding, that
globalization is not new. I liked the authors' emphasis that it is a
process, not an end-state, and that it is the outcome of a complex
range of individual and state decisions, as well as a large random
error component. There is little new here for practicing academics,
but it might be a useful introduction to the subject for students and
non-specialists. A final word of warning, however, especially to my
more faint-hearted American colleagues: if you are the sort of person
whose blood pressure is likely to rise on reading assertions such as
the one on p. 144 that "quite a few trends in ... theory that enjoy
worldwide popularity are created in Italy or France," then this book
is probably not for you.
Kevin O'Rourke is Professor of Economics at Trinity College Dublin, a
co-organizer of the CEPR Economic History Initiative, a Research
Associate at the NBER, and an Editor of the European Review of
Economic History. He is the co-author of _Globalization and History:
The Evolution of a Nineteenth Century Atlantic Economy_ (MIT Press,
1999, with Jeffrey G. Williamson), and is currently working on a
history of international trade in the very long run (with Ronald
Findlay) which will be published in 2007.
Copyright (c) 2006 by EH.Net. All rights reserved. This work may be
copied for non-profit educational uses if proper credit is given to
the author and the list. For other permission, please contact the
EH.Net Administrator ([log in to unmask]; Telephone: 513-529-2229).
Published by EH.Net (May 2006). All EH.Net reviews are archived at
http://www.eh.net/BookReview.
-------------- FOOTER TO EH.NET BOOK REVIEW --------------
EH.Net-Review mailing list
[log in to unmask]
http://eh.net/mailman/listinfo/eh.net-review
|