business

Branko Milanovic Discusses National Market Liberalism in New Podcast

27 Temmuz 2026Bloomberg

Globalization has clearly lost its appeal, with many experts declaring economic globalism to be dead. In this evolving landscape, Branko Milanovic introduces the concept of 'national market liberalism' to describe the shift towards mercantilism and nationalism among powerful governments.
His new book, 'The Great Global Transformation: The United States,' delves into these themes and the implications for the global economy.
The decline of globalization has been accelerated by recent geopolitical tensions, trade wars, and the COVID-19 pandemic, which exposed vulnerabilities in global supply chains. Milanovic's insights reflect a broader discourse on how nations are re-evaluating their economic strategies in response to these challenges.
Milanovic's framing of 'national market liberalism' highlights a significant pivot in economic policies that could reshape international relations and trade dynamics. As nations prioritize their own markets over global integration, the consequences for emerging economies and global cooperation could be profound.

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This summary is based on a podcast discussion and does not necessarily reflect the views of Bloomberg or its affiliates.

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