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Despite grand visions of a cosmopolitan planet living in peace, the first globalization at the turn of the 20th century descended into World War I as the old empires scrambled to preserve themselves as others sought self‐determination. Powers on the losing end of that war reasserted themselves in yet another worldwide calamity within decades.
After World War II, in the early 1950s, with the victorious...
A great historical transition is underway from American‐led Globalization 1.0 to Globalization 2.0—the interdependence of plural identities where no one power or alliance of powers dominates.
The G‐20 is floundering as the immediate global financial crisis has receded. The United Nations and the old Bretton Woods institutions—the IMF, the World Bank and the WTO—have lost their vigor and are struggling...
The shift of power engendered by the rise of China will not only change the current international configuration, but will likely lead to a shift of the power centre of the world from Europe to East Asia. Nevertheless, neither the change of the international configuration nor this transfer of the power centre of the world will inevitably bring about the change of the international system. The international...
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