There are plenty of people who argue that the financial crisis is a severe setback for globalisation. Come to think of it, I am one of those people. In a column I wrote just after the Davos meeting, I argued that you could see the process of globalisation going into reverse.
Moises Naim, editor of Foreign Policy, has just published a fascinating riposte to this line of thinking. He argues that globalisation is only in difficulties “if you believe it is mainly about international trade and investment.” But, according to Naim, it is about much more than that – above all, globalisation is about a growing web of international networks, caused in large part by the communications revolution and the internet. Naim cites numerous examples – global charities, global criminal networks, social networking, international terrorism. None of this is going away.