20 Reimagining Globalization. Plausible Futures
20 Reimagining Globalization. Plausible Futures
20 Reimagining Globalization. Plausible Futures
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20
Reimagining Globalization
Plausible Futures
James H. Mittelman
abstract
This chapter takes stock of the corpus of knowledge about reimagining
globalization. It also proposes an analytical framework for discerning
future globalizations. The framework consists of a set of dyadic mark-
ers: globalization and deglobalizaton. Between these rival narratives are
four subnarratives: hyperglobalization, antiglobalization, alterglobaliza-
tion, and reglobalization. Each subnarrative has moments when its appeal
grows and then dips. In order to interrogate these powerful narratives, I
examine historical trends, what explains them, and the extent to which
they are objectified. This is a matter of who gets their story told. Whose
and which knowledge comes into play?
Empirical evidence reveals that the levels of global connectedness lie
somewhere between what the enthusiasts of hyperglobalization claim and
what the proponents of deglobalization seek, amid deep and shallow glo-
balization. The slowdown in the global economy in the 2020s does not
signify a retreat from globalization. The data rather show sustained in-
terconnectedness of nations and dependence on overseas suppliers. The
combined effects of the coronavirus pandemic, supply-chain disturbances,
Brexit, and the Ukraine War have brought both barriers to cross-border
flows and inefficiencies, but not a sizable withdrawal from globalization.
By all indications, the tides of globalization will continue to tack back and
wash forward.
keywords
deglobalization, future studies, globalization, global political economy,
neoliberal capitalism, reglobalization, scenarios
320
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Reimagining Globalization 321
Coarsening political discourse, loss of civility within and among societies, dimin-
ishing confidence in political institutions, and unraveling of the social contract
characterize our fraught times. We are ensconced in a state of acute social malaise,
a pathological condition that began before the coronavirus pandemic. Its symp-
toms are morbidities of globalized capitalism in the twenty-first century. Wanting
is sufficient creative reflection on reimagining a form of globalization that would
serve human needs in a just and equitable manner.1 Thinking anew about tempo-
rality and achieving an ethical future are sorely needed.
Reimagining the future requires exploring origination. A central question is,
where does the past end, the present begin, and the future start? The answer lies
in reckoning with not a dead but a living past. To this point, the novelist William
Faulkner (1951: 92) famously commented, “The past is never dead. It is not even
past.” This relationship may be construed as a dialogue of how the past pushes into
the present. The simultaneity of the current moment and the past as it bears on the
future may kindle the power of imagination.
Toward this end, I want to take stock of the corpus of knowledge about reimag-
ining globalization. I also propose, in a preliminary way, an analytical framework
for discerning future globalizations. Certainly, entering the minefield of debates in
futurology is a hazardous venture. History takes unexpected twists and turns. The
unintended consequences of attempting to activate knowledge as a tool for shap-
ing the future can be dire. This is a matter of who gets their story told. Whose and
which knowledge comes into play? In my use of the term, knowledge is an instru-
ment of power. Extant knowledge about reimagining globalization and converting
possible alternatives into practice is contested, with evidence for enacting them
pointing in different directions.
Since the future of globalization is not foreordained, how can we know where
it is headed? Analysts disagree about ontology, epistemology, and methodology.
Some researchers, most of them in the positivist tradition, feed data into com-
puter models and use the results to try to calculate globalization’s prospects. Other
observers rely on intuition and turn to popular fiction to spark the imagination
and unlock creative impulses. Still others, dialecticians and evolutionary thinkers,
craft scenarios: extrapolations based on historical patterns and trend lines.
I adopt a combination of the second and third approaches, not linear or timeless
interpretations, because, to my mind, the latter options have the greatest potential
for deepening understanding. Scenarists offer plausible narratives, provoking the
imagination, whereas forecasters and model builders claim that their method for
planning the future is a science. In the conventional sense, the “scientific method”
is faith in hard-edge empirical techniques. The problem is that it can be mecha-
nistic: the peril lies in adopting a pseudo-scientific approach, one that employs
a slot-machine methodology, superimposing an overarching template on varied
conditions, making short shrift of the texture of historical and cultural conditions.
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322 Globalization: Future
In critical usage, the payoff of pursuing scenarios lies in deriving lessons from
the past, informing present-day policymaking, and propelling future responses
to global crises. Keeping with this tradition, I will stake out stories and sce-
narios about globalization. Each one is a permutation of the core concept of
globalization. The coming pages are organized around a set of dyadic mark-
ers, globalization and its counterpoint, deglobalization. They hover at opposite
ends of a spectrum. Between these rival narratives are four subnarratives: hyper-
globalization, antiglobalization, alterglobalization, and reglobalization. This
political and economic repertoire is remarkably capacious and, to varying
degrees, objectified.
MEANINGS
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Reimagining Globalization 323
of individual countries. In Karl Polanyi’s sense (1957), the aim is to re-embed the
economy and institutions in society rather than to allow the economy to drive
society. In this iteration of deglobalization, the guiding principle is to disengage
from and then selectively redial into the global political economy.
To take one example: China has benefited from globalized capitalism by setting
the conditions of engagement, including placing capital controls on foreign direct
investment and targeting capital movements. Chinese authorities recognize the
potential and limitations of this strategy and recognize the importance of their
large domestic market and the far reaches of the territory. At this stage, China
seeks to gain greater autonomy and manage the flow of imports, especially finan-
cial services.
In another account of deglobalization, populists on the Right have formulated
nationalist economic agendas. Among them, protectionists like India’s prime min-
ister Narenda Modi favor restructuring terms of trade, levying tariffs, and safe-
guarding the domestic economy. These moves resemble similar developments in
the Global North, where diverse economic nationalists would use the national state
as a shield or barrier to constrain globalization. They are mindful that increased
globalization generates winners and losers.
Strikingly, some of those left behind support illiberal, authoritarian regimes
that champion deglobalization, promulgate official narratives, and construct imag-
inary futures. By and large, these groups yearn for a muscular leader who would
restore the putative strong nation and revive its pride. They call for restrictions
on immigration and are hard on minorities on the grounds that they are replac-
ing the dominant majority—in the West, white Christians. Their actions unleash
waves of violence against Muslims, Jews, Asians, the disabled, LBGTQ people, and
others. Many political officials and parents support clamping down on allegedly
misguided school curricula, such as teaching “critical race theory.” All these devel-
opments comport with a bevy of national protectionist measures imposed on glo-
balization. Taken together, this constellation of forces evokes images of Germany
in the 1930s, though there are major differences too, and the historical comparison
should not be overdrawn.
The deglobalization scenario is evolving in full view in the 2020s. Emblematic
of this scenario, the coronavirus led to pandemic lockdowns in Shanghai and other
locales, reducing global transactions. Meanwhile, the 2022 Ukraine War gener-
ated a new wave of protectionism. Governments sought to secure commodities for
their citizens, built barriers so as to harness exports, and incentivized businesses
to reshore their factories. Barriers cascaded from country to country and sanc-
tions on Russia further hampered supply chains. China added export restrictions
on fertilizers and food crops (Swanson, 2022), which compounded shortages of
supplies and amplified deglobalization. As indicated below, imaginaries and nar-
ratives are vital components of these developments.
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324 Globalization: Future
I M AG I NA R I E S A N D NA R R AT I V E S
Important insights derive from the idea that political communities are built by
imagining solidarities. Historically, they coincided with the emergence of print
capitalism. Benedict Anderson (1999) posited that this phenomenon is linked to
the rise of the nation-state. He tracked this trend and enriched understanding of
how the world is structured.
Subsequently, globalization researchers (e.g., Steger, 2008) have drawn on
Anderson’s and Charles Taylor’s (2003) influential works on imaginaries and
offered poignant criticism of what they call methodological nationalism, that is,
primarily focusing on the state system to the neglect of other levels of inquiry.
Closely related, methodological territorialism is a tendency to reify territorial
boundaries and national sovereignty without sufficiently taking account of the
ways in which globalizing forces penetrate national jurisdictions. For instance,
the Chinese authorities sought to shut down reports from outside sources
about the 1989 Tiananmen Square massacre. In this episode, the state cracked
down on protests over economic and political reforms but could not block a siz-
able amount of information from entering the country. Similarly, the government
has limited ability to stop cultural influences brought by education, tourism,
music, and art. The point is that it is misguided to dwell on the state system with-
out grasping the surge in cross-border flows interlinking political, economic, and
cultural communities. At a level either ignored or downplayed by methodologi-
cal nationalists, global imaginaries merit more attention than they have received.
National and global imaginaries alike are representations. They are ways of per-
ceiving identities and bonds.
It cannot be stressed too strongly that the field of international studies is based
on the premise of territoriality. Yet, with the development of innovative technolo-
gies, especially in communications and transportation, the advent of “network
society” (Castells, 1996) and the emergence of a “nonterritorial region” (Ruggie,
1993), there is a shift toward a deterritorialized world. On these grounds, Jan Aart
Scholte challenged “methodological territorialism”—the ingrained practice of
formulating questions, gathering data, and arriving at conclusions, all through the
prism of a territorial framework (1996; 1999: 17; 2005). Without swinging to
the opposite extreme of adopting a “globalist methodology” by totally reject-
ing territoriality, Scholte calls for a “full-scale methodological reorientation,”
and concludes: “that globalisation warrants a paradigm shift would seem to be
incontrovertible” (1999: 21–22).
To probe further into prevalent ways of thinking and talking about how glo-
balization is unfolding, I will illuminate powerful narratives. By narrative power, I
mean the ability to spin stories about historical events and what accounts for them.
Narrators impart understanding of events and enable judgments.
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Reimagining Globalization 325
F OU R K EY SU B NA R R AT I V E S
A N D G L O BA L I N D IC AT O R S
The Subnarratives
Contending subnarratives have emerged because the tides of globalization tack
back and wash forward. It is impossible to trace a neat progression. Yet analysts
can toggle between advances and retreats, tensions and challenges that spawn the
four subnarratives.
The first one is widely deployed by governance agencies as well as by schol-
ars and policy intellectuals. The subnarrative of hyperglobalization depicts accel-
eration in cross-border flows of capital, technology, population, and cultural
products. Its purveyors call attention to the degree to which the speed and reach
of contemporary economic globalization differ significantly from the pace and
expanse of earlier phases of globalization. Hyperglobalists examine the costs
and benefits of trade integration, the consolidation of markets, and heightening
global competition, as well as their political implications, including the reduction
of national sovereignty and what deterritorialization means for national democ-
racy. The hyperglobaliztion subnarrative has its enthusiasts (Ohmae, 1990), critics
(Sassen, 1996), and revisionist commentators (Rodrik, 1997).
Hyperglobalist rhetoric is powerful because it has influenced many policymak-
ers and civil society groups. But it is a trope inasmuch as the trend that this world-
view purports to delineate cannot be proven to exist. In fact, it exaggerates certain
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326 Globalization: Future
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Reimagining Globalization 327
mitigate their harms and distribute their opportunities in a just manner. Activ-
ists serving as propellants of alterglobalization have forged points of articulation.
At the World Social Forum (WSF), in particular, networks built on earlier ini-
tiatives come together to share ideas about establishing alternatives to neoliberal
globalization (Falk, 1999; Gills, 2008; Mittelman, 2004; Patomäki & Teivainen,
2004; Teivainen, 2004). While the WSF has opened political space for civil society,
it remains small-scale and without appreciable forward momentum (Patomäki,
2022: 103–4).
The fourth permutation of the globalization narrative is known as reglobaliza-
tion. An umbrella term, it is a reaction to nationalist populism. For some of its
advocates, it is a pragmatic policy response starting at the national level and scaling
up. For other reformists, reglobalization is a call for higher degrees of liberal mul-
tilateral cooperation through strengthening international institutions (e.g., Payne,
2017; Bishop & Payne, 2021; Benedikter, Gruber, & Kofler, 2022). For still others, it
is a normative aspiration for transitioning to “post-neoliberal” globalization.
Reglobalization subsumes specific themes and steps. Emphases range from
the economy and environment (Habicher, 2020) to technology and cultural flows
(Jamet, 2020; Steger, 2021). The reglobalization subnarrative stresses ways that the
pandemic has both slowed certain transnational flows such as intercontinental
trade and spurred innovation, as with the globalization of services and digitaliza-
tion. The difficulty is that the term reglobalization is imprecise. This catchword
covers diverse developments and parks them under a single rubric. For reglobal-
ization to enter the common lexicon and become a galvanizing narrative, its pro-
moters need to sharpen this discourse and add nuance. To be credible and gain a
following, this supposedly late- or post-COVID-19 trend must track more than
a brief time span.
Evidence
In a 2020 paper, Daniel Esser and I sought to pin down which narrative and sub-
narratives are objectified (Esser & Mittelman, 2020). We juxtaposed two influen-
tial global indices, the KOF Globalization Index issued by the Swiss Economic
Institute (2018a) and the DHL Global Connectedness Index (Altman, Ghemawat,
& Bastian, 2018), compiled by New York University and the Barcelona-based IESE
business schools, respectively. In 2022, I revisited the KOF and DHL indices, which
incorporate data through 2019.
For the sake of brevity, I will focus on these two indices only, because from
one study to another, the data and conclusions drawn from indicators are highly
variable. Much depends on the indicator providers. Who are they? How are they
trained? To whom are they accountable? How and by whom are they paid? But I
digress.3 Returning to the KOF Index (KOF Swiss Economic Index, 2018b), world-
wide globalization increased between 1990 and 2007, but, as one would expect,
slowed during the 2008 financial crisis and the recession that followed.4 Despite
a slight uptick in 2016, aggregate economic globalization, including financial
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328 Globalization: Future
g lobalization, flat-lined between 2018 and 2019, and cross-border trade ebbed.
Financial globalization then mounted, and trade integration similarly advanced;
yet population flows, particularly in the tourism sector, declined.5
The DHL Index demonstrates that, for the world as a whole, the extent of global
connectedness crested at a record high in 2017. The DHL finds that a large por-
tion of flows of trade, capital, information, and people is domestic rather than
cross-border. Empirical evidence reveals that the levels of global connectedness
lie somewhere between what the enthusiasts of hyperglobalization claim and what
the proponents of deglobalization seek, amid deep and shallow globalization.
The 2022 indices do not deviate substantially from prior findings. Overall
global connectedness again varies considerably by both country and region, not
only for those on the low end of tallies of globalization indicators but also for those
at the top.
The downturn in the global economy and disruptions in supply chains due to the
coronavirus pandemic do not signify a retreat from globalization. These patterns
rather show sustained interconnectedness of nations and dependence on overseas
suppliers. The combined effects of the pandemic, supply-chain disturbances, and
Brexit have brought both blockages and inefficiencies. The contraction in global
trade and relocalizing production have boosted costs. Rethinking these issues and
taking into account the magnitude of the adverse consequences of adjustments
in global economic interdependence may give impetus to instituting reforms, the
scope of which is unforeseeable. Yet globalization continues apace; the rate varies
by type and dimension. Central to these developments will be the elaboration of
narratives, some of them grounded in false, others in accurate, information.
As heated controversies over disinformation illustrate, numbers—global indi-
cators, censuses, and vote counting—are decidedly politicized rather than scien-
tifically generated. Numerical indicators are statistical representations that can be
gamed by their authors and promoters. If they eclipse Indigenous ways of pro-
ducing knowledge in the Global South, datasets can become a form of epistemic
displacement and accretion.
That said, can a principal globalization narrative and subnarrative be identi-
fied? With the worldwide spread of neoliberalism over the last half-century, each
subnarrative has moments when its appeal grows and then dips, with uneven
evidence to sustain the stories they tell. They can be simultaneously deployed in
actual instances.
The Present
For illustrative purposes, let’s take the case of momentous upheavals in the 2020s.
Discourse brokers marshaled official and unofficial subnarratives, including many
falsehoods, during this period. Noting the coronavirus’s uncertain long-term
impact, Laurence Boone, the chief economist at the Organization for Economic
Cooperation and Development, observed that the pandemic and the 2022 Russian
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Reimagining Globalization 329
T H E L O N G U E DU R É E
In sum: to order raging debates over the future of globalization and facilitate
diagnosing strivings for a just order, this chapter offers a conceptual framework
for reimagining globalization. The conceptualization consists of a matrix of two
narratives, globalization and deglobalization, and four subnarratives: hyperglobal-
ization, antiglobalization, alterglobalization, and reglobalization.
The imagined beyond conspires against the pragmatic, the here and now. It
requires stretching time, seeing what is not entirely manifest, grasping what is
latent. The challenge is to create a shared vision of an ethically right and politically
wise world order. It requires gazing beyond the urgency of the present.
History is embarked in a liminal phase, entering an interim—a transition from
a near term—to the more distant future. That is to say, the longue durée is not
merely one undifferentiated, indeterminate period.
The path to the far term presents concrete challenges. Contingent conditions
must be assessed and addressed. They include:
1. COVID-19 is a perfect global transgressor in the sense that it prompted a
reassertion of borders and national efforts to check cross-border flows.
2. The coronavirus pandemic boosted innovations in digital communications
technologies that enabled delocalized work across time zones and borders.
3. Shortages in commodities emanating from disruptions in supply chains
exacerbated pressure brought by the Ukraine War. They also augmented
demands for local sourcing and domestic production.
4. The movement of populations caused by military and political conflicts
reveals the increasing importance of empathy, compassion, and toleration
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330 Globalization: Future
NOTES
I owe a debt of gratitude to Allegra Hill for stellar research assistance, also to Manfred Steger and Linda
Yarr for comments on a preliminary draft of this chapter.
1. I am drawing on an incisive intervention by Robert W. Cox (1976) and want to acknowledge
Matthew Louis Bishop and Anthony Payne’s (2021) important contribution.
2. This succinct conceptualization is closely linked to the work of proto-globalization theorists
such as the philosopher and media specialist Marshall McLuhan (1964), who coined the expressions
“the media is the message” and “global village.” Pioneering formulations in globalization studies
followed: among them, Giddens (1990); Harvey (1990); Robertson (1992); Sassen (1996); Scholte
(2005), and Steger (2008). In parallel, Steger and James (2017) trace the genealogy of globalization
research.
3. I explore these issues elsewhere (Mittelman, 2022).
4. Gygli et al. (2019).
5. See Gygil et al. (2019). The KOF Swiss Economic Institute (2018c) defines political globalization
at two levels. De jure dimensions include the number of international, intergovernmental organiza-
tions of which a country is a member, the number of international treaties ratified since 1945, and
the number of treaty partners. The de facto dimensions are constituted by the number of embassies, the
personnel assigned to peacekeeping missions, and internationally oriented nongovernmental organi-
zations operating in a country.
6. For more on the weight of the present on the past and implications for the future, see Tabb
(2021).
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Reimagining Globalization 331
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