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Flowback or the End of Globalization

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  • Paul Smith

    (Paul Smith is Professor in the Cultural Studies doctoral programme at George Mason University, VA, USA and he is the author of many books, notably Discerning the Subject (1988), Millennial Dreams: Contemporary Culture and Capital in the North (1998) and Primitive America: The Ideologies of Capitalist Democracy (2007). His most recent publication is an edited volume, The Renewal of Cultural Studies (2011). E-mail: psmith5@gmu.edu)

Abstract

The processes of globalization have often been described by way of the metaphor of ‘flows’—flows of people, goods, capital or ideas. Since the recent worldwide economic recession the nature, direction and vectors of those flows have altered, such that it is time to talk about ‘flowback’ or even the end of globalization. Looking at flows of people and capital in particular, the article proposes that the changes brought about by the recession were always immanent in the processes of globalization itself and that the recession is best seen as a crisis of globalization. Even if a recovery is underway, the processes of globalization will have been altered forever.

Suggested Citation

  • Paul Smith, 2014. "Flowback or the End of Globalization," IIM Kozhikode Society & Management Review, , vol. 3(1), pages 1-9, January.
    • Handle: RePEc:sae:iimkoz:v:3:y:2014:i:1:p:1-9
    DOI: 10.1177/2277975214535143
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    Cited by:

    1. Roger Moser & Srinath Rengarajan & Gopalakrishnan Narayanamurthy, 2021. "Decision Intelligence: Creating a Fit between Intelligence Requirements and Intelligence Processing Capacities," IIM Kozhikode Society & Management Review, , vol. 10(2), pages 160-177, July.
    2. Silvia Grappi & Simona Romani, 2017. "Consumer attitude toward reshoring: Related effects and relevant boundary conditions," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2017(4), pages 37-51.
    3. Navin Kumar Saxena & Satyasiba Das, 2022. "Competitive Pressure and the Moderating Role of the Knowledge Network on Internationalization Intent of Indian State-owned Enterprises," IIM Kozhikode Society & Management Review, , vol. 11(1), pages 47-61, January.
    4. Silvia Grappi & Simona Romani & Richard P. Bagozzi, 2020. "Consumer Reshoring Sentiment and Animosity: Expanding Our Understanding of Market Responses to Reshoring," Management International Review, Springer, vol. 60(1), pages 69-95, February.

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