Homecoming
The Path to Prosperity in a Post-Global World
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Narrated by:
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Rachel Fulginiti
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By:
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Rana Foroohar
About this listen
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 AudioListeners also enjoyed...
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Critic reviews
“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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We tend to view prolonged economic downturns, such as the Great Depression of the 1930s and the Long Depression of the late 19th century, in terms of the crisis and pain they cause. But history teaches us that these great crises also represent opportunities to remake our economy and society and to generate whole new eras of economic growth and prosperity.
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glorification of City Life
- By Ryan Riggs on 11-25-20
By: Richard Florida
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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The World Turned Upside Down
- America, China, and the Struggle for Global Leadership
- By: Clyde Prestowitz
- Narrated by: Paul Heitsch
- Length: 13 hrs and 24 mins
- Unabridged
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When China joined the World Trade Organization in 2001, most experts expected the WTO rules and procedures would liberalize China and make it "a responsible stakeholder in the liberal world order". But the experts made the wrong bet. China today is liberalizing neither economically nor politically but, if anything, becoming more authoritarian and mercantilist. In this book, renowned globalization and Asia expert Clyde Prestowitz describes the key challenges posed by China and the strategies America and the Free World must adopt to meet them.
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Informative and engaging
- By Christopher P Pratt on 02-28-21
By: Clyde Prestowitz
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The Impulse Society
- America in the Age of Instant Gratification
- By: Paul Roberts
- Narrated by: Edoardo Ballerini
- Length: 9 hrs and 39 mins
- Unabridged
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Paul Robert digs down to the economic roots of the problem, shows how it has metastisized to affect every facet of our lives and our ability to navigate the future. In clear, cogent prose that mixes illuminating analysis and vibrant reporting, Roberts not only tells the fascinating story of how the impulse society came to be, but shows how, perhaps, a healthier society may still be possible.
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A Must-Listen for Millenials
- By Doug - Audible on 03-31-15
By: Paul Roberts
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
By: Dambisa Moyo, and others
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Postcapitalism
- A Guide to Our Future
- By: Paul Mason
- Narrated by: Gildart Jackson
- Length: 13 hrs and 42 mins
- Unabridged
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
By: Paul Mason
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The Third Industrial Revolution
- How Lateral Power Is Transforming Energy, the Economy, and the World
- By: Jeremy Rifkin
- Narrated by: Kevin Foley
- Length: 12 hrs and 23 mins
- Unabridged
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Author Jeremy Rifkin presents an insider's account of the next great economic era: the Third Industrial Revolution, when a new ethic of sustainability will revolutionize the world we live in.
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Lamenting "The Third Industrial Revolution"
- By Joshua Kim on 05-01-12
By: Jeremy Rifkin
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The Age of Oversupply
- Overcoming the Greatest Challenge to the Global Economy
- By: Daniel Alpert
- Narrated by: Don Hagen
- Length: 10 hrs and 34 mins
- Unabridged
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The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply.
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Great book but now out of date
- By emory morsberger on 11-30-17
By: Daniel Alpert
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How Asia Works
- Success and Failure in the World's Most Dynamic Region
- By: Joe Studwell
- Narrated by: Nigel Patterson
- Length: 11 hrs and 46 mins
- Unabridged
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In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries - Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China - into an accessible narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.
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The best economic development book I’ve ever seen
- By Jay on 02-17-20
By: Joe Studwell
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Capitalism in America
- A History
- By: Alan Greenspan, Adrian Wooldridge
- Narrated by: Ray Porter
- Length: 16 hrs and 14 mins
- Unabridged
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From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen.
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Explains a lot
- By Scott on 02-18-19
By: Alan Greenspan, and others
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No Ordinary Disruption
- The Four Global Forces Breaking All the Trends
- By: Richard Dobbs, James Manyika, Jonathan Woetzel
- Narrated by: Grover Gardner
- Length: 8 hrs and 18 mins
- Unabridged
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In No Ordinary Disruption, the directors of the McKinsey Global Institute, the flagship think tank of the world's leading consulting firm, McKinsey & Company, dive deeply behind current headlines to analyze the key forces transforming the global economy over the next two decades - and most importantly, to explain what business and government leaders need to do to reset their intuitions and take advantage of the disruptions ahead.
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Good performance, so-so content
- By Vignesh Krishnan on 08-28-16
By: Richard Dobbs, and others
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The Future Is Asian
- Commerce, Conflict and Culture in the 21st Century
- By: Parag Khanna
- Narrated by: Nezar Alderazi
- Length: 14 hrs and 21 mins
- Unabridged
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In the 19th century, the world was Europeanized. In the 20th century, it was Americanized. Now, in the 21st century, the world is being Asianized. The “Asian Century” is even bigger than you think. Far greater than just China, the new Asian system taking shape is a multicivilizational order spanning Saudi Arabia to Japan, Russia to Australia, Turkey to Indonesia - linking five billion people through trade, finance, infrastructure, and diplomatic networks that together represent 40 percent of global GDP.
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Bigoted, jingoistic, ethnocentric
- By SEAN on 03-08-19
By: Parag Khanna
What listeners say about Homecoming
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- MAtt
- 11-04-22
Authors Politics ruins and an important book
There is a great amount of positive and negative socioeconomic analysis and positive light in this book but the author allows her personal partisan politics to ruin what would
Otherwise be a sober and rational treaties ont he future of manufacturing.
Thinly veiled cover/blame for recent administrations borders on laughably inaccurate at time.
Shame because there was a fantastic vision for our economy muddied by shallow presidential politics. She’s a smart woman she should know better than to be so focused on transient politics.
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- Mark Larson
- 11-17-22
Insightful
This book is both insightful and provides hope for the future. Ms Foroohar provides a lot of supporting references.
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1 person found this helpful
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- hduck
- 11-27-22
Excellent, thought provoking
Makes you think about what it takes to produce and provide services to the end users who represent the health of regional and local communities.
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- Donald S. Waller
- 03-27-23
Good read
For the most part a good read.
I especially enjoyed the value of place in human centered economic reform. Also the criticism of neo liberal economic theory and globalism has demonstrable failure. She made a good case. I am with her.
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- Christopher
- 11-08-22
Lighthouse in the darkness
Overall a pretty optimistic view of where we could go as an economy. I see many of the bits of evidence that she states in this book and my own city.
It's wonderful to read even from across the aisle and politicians seem to agree that the neoliberalism needs to die. We all hope for return to stakeholder capitalism and an end to the absolute insanity that is shareholder capitalism.
My only complaint is that spends far too much air on telling us how bad certain Trump policies were or how poor of a leader he was. While that may play to the general audience I believe she is aiming for.
It silos the book something that she says that we should not do with information.
All that said I found the book a good read and it gives me a hope for the future.
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1 person found this helpful
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- mcg
- 01-20-23
A view of the coming future
This was a great read that gels with my observations of where things are (hopefully) heading as people reject Milton Friedman shareholder supremacy and Neo Liberalism which gutted American manufacturing. All this happened while helmet-haired pursued their “China Market Strategy” whereby China vacuumed their IP and stole their products in the long run, but allowed them to crank earnings and balloon their pay via greater (short term) earnings and stock buybacks. I feel we are in the equivalent of 1946 - 1955 where there are going to be massive economic shifts post CoVid that we will only recognize when we look back later this decade. Voters on both sides of the aisle are fed up.
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- Ricardo Ernst
- 12-09-22
Great presentation of current and future environment
The book could be SIGNIFICANTLY improved if the author would emphasize less her political preferences. The story and arguments are very strong without adding her political twist. In fact, it would make her case stronger. Her bias diminished the importance of her very valuable and important message.
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- Josh
- 04-20-23
Great ideas but too clear a political bias
Very important and prescient points throughout the book - unfortunately the authors bias is just too clear and takes away from the impact.
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- Emily Goergen Azer
- 12-31-23
One-sided view of current events
Interesting topics but the author lets her own liberal politics color the discussion- it doesn’t seem balanced (or very insightful) given this unbalance.
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- jmk
- 01-31-23
not worth finishing
Your basic "the worker is helpless, corporations are greedy and destroying the world, and the government should do something" saga. Some really good points, but expecting the government to fix what they helped create is laughable.
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