Exile economics – what happens when globalisation fails
Update: 2025-07-09
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Contributor(s): Ben Chu | Join us for this conversation between journalist and author Ben Chu and LSE's Richard Davies about Ben's new book Exile Economics: What Happens if Globalisation Fails.
In Exile Economics Ben Chu argues that nations are turning away from each other. Faith in globalisation has been fatally undermined by the pandemic, the energy crisis, surging trade frictions and swelling great power rivalry. A new vision is vying to replace what we’ve known for many decades. This vision – what Ben calls exile economics - entails a rejection of interdependence, a downgrading of multilateral collaboration and a striving for greater national self-sufficiency. The supporters of this new order argue it will establish genuine security, prosperity and peace. But is this promise achievable? Or a seductive delusion?
In Exile Economics Ben Chu argues that nations are turning away from each other. Faith in globalisation has been fatally undermined by the pandemic, the energy crisis, surging trade frictions and swelling great power rivalry. A new vision is vying to replace what we’ve known for many decades. This vision – what Ben calls exile economics - entails a rejection of interdependence, a downgrading of multilateral collaboration and a striving for greater national self-sufficiency. The supporters of this new order argue it will establish genuine security, prosperity and peace. But is this promise achievable? Or a seductive delusion?
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