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Seminar on the State and Capitalism since 1800

Populism and the Economics of Globalization


September 8, 2017
2:15pm - 4:00pm
Hoffmann Room, Busch Hall Directions
September 8, 2017
2:15pm - 4:00pm
Hoffmann Room, Busch Hall Directions

Populism may seem like it has come out of nowhere, but it has been on the rise for a while. I argue that economic history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would produce a political backlash. While the backlash may have been predictable, the specific form it took was less so. I distinguish between left-wing and right-wing variants of populism, which differ with respect to the societal cleavages that populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these different reactions are related to the relative salience of different types of globalization shocks.

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** Please note: Those planning to attend events in this series should read the paper that will be posted on the CES website before the seminar.**

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