The Globalisation Myth: Why Regions Matter

A case for why regionalisation, not globalisation, has been the biggest economic trend of the past forty years

The conventional wisdom about globalisation is wrong. Over the past forty years as companies, money, ideas, and people went abroad more often than not, they looked regional rather than globally. O’Neil details this transformation and the rise of three major regional hubs in Asia, Europe, and North America.

Current technological, demographic, and geopolitical trends look only to deepen these regional ties. O'Neil argues that this has urgent implications for the United States. Regionalisation has enhanced economic competitiveness and prosperity in Europe and Asia. It could do the same for the United States, if only it would embrace its neighbours.