Blog & Analysis
What's next after globalization?
Michael O'Sullivan's blog on the structural forces — political, economic and financial — that are reshaping the post-globalization world order.
Read the Blog → Back to Arbroath Group
Strategic Advisor, Arbroath Group
Author & Economist
About the Blog
The Levelling is Michael O'Sullivan's long-running blog, accompanying his landmark book of the same name. It tracks the structural transformation of the global economy as the era of globalization gives way to a more fragmented, multipolar world.
Mike draws on twenty years in global financial markets — most recently as Chief Investment Officer at Credit Suisse's International Wealth Management division — to connect macroeconomic trends with investment and policy implications.
Topics range from corporate governance and private markets to geopolitics, European politics, and the evolving relationship between technology, capital and power. The blog is read by investors, executives and policymakers across Europe and the United States.
Latest Post
Most Recent — May 2026
A reflection on corporate governance, the rise of mega-cap private companies, and what the explosion of unicorn valuations — now approaching $9 trillion — tells us about the structural transformation of capital markets in the AI era.
Read on The Levelling →Michael O'Sullivan
The Book
What's Next After Globalization? — PublicAffairs
In The Levelling, Michael O'Sullivan argues that globalization as we have known it is over — and that a new, multipolar world order is emerging in its place. He maps the forces driving this transition: rising inequality, the reassertion of national sovereignty, the fracturing of international institutions, and the emergence of competing regional economic blocs.
The book has become a touchstone for investors, executives and policymakers seeking to understand the structural forces behind today's geopolitical volatility — and what comes next.
Read The Levelling blog for Mike O'Sullivan's latest analysis, or contact the Arbroath Group to discuss how these dynamics affect your organization's strategy.