Embedded Liberalism in the Digital Era

Abstract In recent years, the volume and intensity of attacks on globalization have been steadily rising. It is frequently argued that antiglobalization backlash stems from strains placed compromise embedded liberalism. We argue existing research underemphasizes how technological change digital revolution contributed to these strains. Global value chains facilitated by linked technology in advanced industrial countries low-cost labor developing countries, precipitating distributional losses for low-skilled world. Further, has led regulatory challenges involving both capital labor. that, as a result, governments face mounting opposition heightened difficulty supporting programs policies necessary buffer adverse domestic effects maintain support