Saturday, May 25, 2024

Globalization today

Economists are talking about a turning away from globalization as a policy. But there are other ways of defining globalization. Thomas de Waal has a long essay on the unstable situation in the Republic of Georgia. It's a very detailed analysis, but three passages struck me: his reference to "the tax-exempt status of the British Virgin Islands" as a factor in Georgian politics (no further explanation); the adoption by the increasingly authoritarian political party Georgian Dream, of the name of a rap song by the son of the authoritarian leader; de Waal's rather appropriate coinage: Georgian Dream has also signed up to the European chapter of what might be called ‘Illiberalism International’.

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