The End of Neoliberal Globalism: A Critical Perspective

Abstract

There has been a growing trend towards protectionism, particularly in the Global North in recent years. The rise of Trump, Brexit and tighter immigration control across Europe and America seem to run contrary to the conventional neoliberal globalism discourse of free flow of people, capital, goods and information across the globe. Using a qualitative approach and drawing on data from published works, this paper argues that these events are part of the Global North’s rebellion against neoliberal globalism. This process is not external to the process of neoliberal globalism but integral to it. Although the current rise of nationalism and protectionism does not represent an end of globalization, it represents the end of the discourse of globalization as a fit all economic and political solution to diverse nations. This demands that alternatives to the current thinking be considered. A new form of globalization must consider issues of income and economic inequality among nations and people. It must offer the chance to the nation state to reinvent itself as the welfare providing and protecting states.