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Odd Lots · July 27, 2026 · 1h 1m

Branko Milanovic on What Comes After Globalization

Branko Milanovic
Show Notes

Economist Branko Milanovic discusses the end of globalization and the emerging era he calls "national market liberalism," where powerful governments favor mercantilism and nationalism over free capital movement. Drawing from his new book, he examines China's economic evolution and the pressure it has placed on Western elites. The conversation explores how the global economic order is being remade as trade and investment flows become increasingly influenced by state interests.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Canon

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National Market Liberalism
Milanovic describes the post‑globalization era as "national market liberalism," where states actively intervene to protect and promote domestic economic interests while still maintaining market mechanisms.
ClaudeChatGPTGemini

Highlights

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China's Economic Evolution
Milanovic explains how China's economic trajectory has moved from a low-cost manufacturing hub to a global technological and financial competitor, reshaping the balance of power.
ClaudeChatGPTGemini
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Pressure on Western Elites
The rise of China has applied political and economic pressure on Western elites, leading to protectionist backlashes and a reassessment of globalization's winners and losers.
ClaudeChatGPTGemini

References

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The Great Global Transformation: The United States, China, and the Remaking of the World Economic Order — Branko Milanovic (2026) — Author's new book on the post-globalization economic order
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