NBN Book of the Day

We tend to talk about globalisation as if it arrived with container ships, multinationals and the internet. Christopher Meissner’s One from the Many: The Global Economy since 1850 (Oxford UP, 2024) argues that it has a far longer and messier history. In my latest New Books Network interview, I put that history, and some of its biggest open questions, to him.
A book for a nervous moment
Tariffs, industrial policy, “economic security” and the relocation of supply chains have revived the argument that globalisation is going into reverse. Meissner, Professor of Economics at UC Davis and a Research Associate at the NBER, takes the long view. Trade, capital and migration surged between 1850 and 1914, collapsed between the wars, and were rebuilt after 1945. His conclusion is that globalisation is hard to kill, but not guaranteed to survive. That depends on political choices and international cooperation.

If you teach economics, history or political science, or simply want to know whether today’s headlines signal the end of globalisation, this book and this conversation are for you.
What we talk about
Why the first globalisation happened, and what a Briton, an Argentine or an American in 1900 would have made of today’s world
Migration: we have liberalised goods and capital far more than people, so how much does that limit globalisation’s power to reduce inequality?
Whether backlash was always built into globalisation, or whether wars and shocks brought it down, and what that means for today’s politics
The Great Depression and the question of leadership: can the world economy function without a power willing to underwrite it?
The paradox of the US dollar, and why capital flows towards the richest economy rather than the poorest
What evidence would convince Chris that “this time really is different”
Writing a first book, and why economics works best inside history rather than bolted on beside it.

Some of these questions came from my own students, where the book is now core reading. They like it because it explains long-run change while making formal theory accesible.
What other reviewers say
Barry Eichengreen, in Foreign Affairs, praised its clarity and concision across nearly two centuries. In Good Reads, Jason Furman called it a reliable, readable history, well grounded in the research literature. Donald Boudreaux, in The Independent Review, judged it an admirable survey of key events and theories, although he took issue with some analytical choices. That makes it a useful starting point for readers who want to form their own view.

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Dependency Politics: How Foreign Aid Shapes Electoral Behaviour (Cambridge UP, 2026), by Ryan Jablonski, examines how democracy operates in countries dependent on foreign aid. Drawing on over six years of fieldwork, the book investigates the relationships between international donors and domestic politicians, exploring how aid dependency shapes policymaking and influences voters’ assessments of political performance. Challenging the assumption that voters simply reward politicians for attracting foreign aid, Jablonski demonstrates that electoral choices depend on citizens’ beliefs about how politicians influence the delivery of aid. This produces a ‘visibility-uncertainty’ paradox, whereby foreign aid can either strengthen or undermine democratic accountability. Combining surveys, interviews, focus groups, and field experiments, the book revisits conventional understandings of foreign aid and political behaviour, showing how aid can sometimes lead citizens to vote against their own interests and benefit opposition candidates over incumbents. By examining the political consequences of aid dependency, Jablonski offers important insights into the trade-offs between aid effectiveness, political capture, and state capacity-building. This research makes an important contribution to the study of comparative politics, democratic accountability, and the political economy of foreign aid.

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THE NEW YORK TIMES BOOK REVIEW EDITORS’ CHOICE
In a groundbreaking global exploration of the ideas that drove the American Revolution, a prize-winning historian shines a light on the defiance of marginalized peoples all over the world.

In her powerful new history of the American Revolution, Sarah M. S. Pearsall argues that the American Founding Fathers did not have a unique claim on the revolutionary spirit. The thirteen colonies that became the United States, she reminds us, were not even half of the British colonies that existed in the eighteenth century. In her sparkling and original Freedom Round the Globe: A World History of the American Revolution (Doubleday, 2026) Pearsall uncovers the insurgents, freedom lovers, and dreamers in India, West Africa, North America, Europe, China, and West Indian islands who shaped the nature of American rebellion and nationhood.

In each fresh and compelling chapter of Freedom Round the Globe, Pearsall plucks a keyword from the Declaration of Independence—security, happiness, respect– finding its spark in a far-flung place. In an Edinburgh club where women were first invited into philosophical conversations, she explores what the pursuit of happiness meant to women and men of all sorts. She traces how novel forms of slavery provoked a new use of the word liberty in Connecticut petitions as well as in cries of “liberty or death.” On a Kolkata street where Indians protested relentless taxes, Pearsall finds a critique of oppressive imperial government that galvanized Americans in their protests and parties against the tea of the English East India Company. In rural Germany, boy soldiers sent abroad to die for Britain complicate who can lay claim to being civilized in a brutal war.

In telling the extraordinary tales of Friends of Liberty protesting tyranny around the world, Pearsall restores these individuals and movements to their rightful place in the vital story of the American Revolution and the nation it created. The result is a stirring and surprising revisioning of our history.

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Today I’m speaking with Stephanie Williams, Director of Wayne State University Press, and president of the Association of University Presses. Every year, NBN speaks with the president of AUPresses in anticipation of University Press Week. This year, press week will take place from November 9 through the 13th, with the theme: #PowerUP. To celebrate, I’m thrilled to speak with Stephanie Williams about all things UPs.
University Press Week Info
Caleb Zakarin is CEO and Publisher of the New Books Network.

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