Outside the Box - by Marc Levinson (Hardcover)

Number of Pages: 288
Genre: Business + Money Management
Sub-Genre: Globalization
Format: Hardcover
Publisher: Princeton University Press
Age Range: Adult
Author: Marc Levinson
Language: English

About the Book

"Levinson offers a brief history of globalization through the stories of the ... people and companies that built global supply chains. [He follows] the thread of the balance between people in the private sector pursuing new ways to make goods and do business and governments eliminating barriers. These two spheres--the private sector and government--did not go global in tandem, and many developments in one sphere were far more impactful in the other than imagined at the time"--

Book Synopsis

From the acclaimed author of The Box, a new history of globalization that shows us how to navigate its future

Globalization has profoundly shaped the world we live in, yet its rise was neither inevitable nor planned. It is also one of the most contentious issues of our time. While it may have made goods less expensive, it has also sent massive flows of money across borders and shaken the global balance of power. Outside the Box offers a fresh and lively history of globalization, showing how it has evolved over two centuries in response to changes in demographics, technology, and consumer tastes.

Marc Levinson, the acclaimed author of The Box, tells the story of globalization through the people who eliminated barriers and pursued new ways of doing business. He shows how the nature of globalization changed dramatically in the 1980s with the creation of long-distance value chains. This new type of economic relationship shifted manufacturing to Asia, destroying millions of jobs and devastating industrial centers in North America, Europe, and Japan. Levinson describes how improvements in transportation, communications, and computing made international value chains possible, but how globalization was taken too far because of large government subsidies and the systematic misjudgment of risk by businesses. As companies began to account properly for the risks of globalization, cross-border investment fell sharply and foreign trade lagged long before Donald Trump became president and the coronavirus disrupted business around the world.

In Outside the Box, Levinson explains that globalization is entering a new era in which moving stuff will matter much less than moving services, information, and ideas.

Review Quotes

A valuable and stimulating contribution to the literature which can be profitably (and enjoyably) read by economist and non-economist alike.---Ian Harwood, Society of Professional Economists

Outside the Box is an intriguing synergy of social-sciences analysis, a useful aide memoire, a captivating read. Marc Levinson synthesizes well and writes smoothly, with a light touch of irony--very smart non-fiction.---Linda Quest, International Social Science Review

Marc Levinson's Outside the Box is a timely and fascinating discussion of globalization.---Andreas Grein, Journal of Economic Literature

Smart and exceptionally well-timed.---Justin Fox, Bloomberg

[The] exploration of trade's future is particularly thought-provoking. . . . One lesson of Mr. Levinson's absorbing, centuries-long survey is that evolving global systems are always vulnerable to unexpected events.---Matthew Rees, Wall Street Journal

Ostensibly a history of international trade through three distinct 'globalizations, ' Outside the Box is most useful as a chronicle of how the pre-2008 model of complex, globe-spanning, just-in-time manufacturing has been exposed as fragile, inefficient, and opaque.---Mike Jakeman, strategy+business

About the Author

Marc Levinson is the author of several books, including The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger (Princeton) and The Great A&P and the Struggle for Small Business in America. He was formerly finance and economics editor at The Economist and a senior fellow at the Council on Foreign Relations. He lives in Washington, DC.