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  • Homecoming

  • The Path to Prosperity in a Post-Global World
  • Written by: Rana Foroohar
  • Narrated by: Rachel Fulginiti
  • Length: 14 hrs
  • 4.0 out of 5 stars (2 ratings)

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Homecoming

Written by: Rana Foroohar
Narrated by: Rachel Fulginiti
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Publisher's Summary

A sweeping case that a new age of economic localization will reunite place and prosperity, putting an end to the last half century of globalization—by one of the preeminent economic journalists writing today

“This invaluable book is as bold in its ambitions as it is readable.”—Ian Bremmer, New York Times bestselling author of The Power of Crisis

ONE OF THE BEST BOOKS OF THE YEAR: Kirkus Reviews

At the dawn of the twenty-first century, Thomas Friedman, in The World Is Flat, declared globalization the new economic order. But the reign of globalization as we’ve known it is over, argues Financial Times columnist and CNN analyst Rana Foroohar, and the rise of local, regional, and homegrown business is now at hand.

With bare supermarket shelves and the shortage of PPE, the pandemic brought the fragility of global trade and supply chains into stark relief. The tragic war in Ukraine and the political and economic chaos that followed have further underlined the vulnerabilities of globalization. The world, it turns out, isn’t flat—in fact, it’s quite bumpy.

This fragmentation has been coming for decades, observes Foroohar. Our neoliberal economic philosophy of prioritizing efficiency over resilience and profits over local prosperity has produced massive inequality, persistent economic insecurity, and distrust in our institutions. This philosophy, which underpinned the last half century of globalization, has run its course. Place-based economics and a wave of technological innovations now make it possible to keep operations, investment, and wealth closer to home, wherever that may be.

With the pendulum of history swinging back, Homecoming explores both the challenges and the possibilities of this new era, and how it can usher in a more equitable and prosperous future.

©2022 Rana Foroohar (P)2022 Random House Audio

What the critics say

“Fascinating . . . Powerful . . . [A] valuable [contribution] to the understanding of the trends toward regionalization.”Foreign Affairs

“Foroohar’s work here is equal parts journalism and visioning, offering a host of case studies of how we might produce and consume differently while simultaneously painting a picture of a more resilient and rooted economy. . . . As [Homecoming] spells out in vivid detail, we have our work cut out for us to bring the economy home.”The American Prospect

“In this deeply reported book, Foroohar offers a mix of lively on-the-ground tales and stimulating macroanalysis to explain how globalization and localization are changing business, finance, and our wider society. . . . A must-read.”—Gillian Tett, New York Times bestselling author of Anthro-Vision

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