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News Link • Economy - International

Why we need to be wary of narratives of economic catastrophe

• arclein

The end of the Cold War in 1989 marked a break in the storytelling habits of global integration. Without rivalry from the East or challenges from the South, the big narratives of progress got flattened around a single plot. Talk of a new world economy gave way to the Washington Consensus; socialist integration lost its age-old appeal. The American political scientist Francis Fukuyama caught the Zeitgeist with his essay 'The End of History?' (1989)  though everyone forgot the question mark. The fall of the Berlin Wall and the triumph of neoliberalism launched a new story that championed

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