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Global Capitalism: Its Fall and Rise in the Twentieth Century (Paperback)

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"Magisterial history...one of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times Book Review


In 1900 international trade reached unprecedented levels and the world's economies were more open to one another than ever before. Then as now, many people considered globalization to be inevitable and irreversible. Yet the entire edifice collapsed in a few months in 1914.



Globalization is a choice, not a fact. It is a result of policy decisions and the politics that shape them. Jeffry A. Frieden's insightful history explores the golden age of globalization during the early years of the century, its swift collapse in the crises of 1914-45, the divisions of the Cold War world, and the turn again toward global integration at the end of the century. His history is full of character and event, as entertaining as it is enlightening.

About the Author


Jeffry A. Frieden is the Stanfield Professor of International Peace at Harvard University. A specialist on the politics of international financial relations, he is also coauthor, with Menzie Chinn, of Lost Decades, a history of the 2008 financial crisis.

Praise For…


Frieden has a wonderful way of weaving together politics and economics, past and present in an accessible narrative that is...even-handed and objective.

This is an excellent, readable history of globalization with important lessons for our society.

An economic history of the twentieth century that makes the whole thing come alive.
— David Warsh

Broad and ambitious in its sweep.... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so.
— Alan Beattie

Essential reading for anyone who wants to understand the history of globalization from 1870 to the present.
— John Bruton
Product Details
ISBN: 9780393329810
ISBN-10: 039332981X
Publisher: W. W. Norton & Company
Publication Date: April 17th, 2007
Pages: 576
Language: English