A sweeping case that a new age of local economic growth will reunite place and prosperity, putting to an end to the last half century of globalization-by one of the preeminent economic journalists writing today. At the dawn of the twenty-first century, Thomas L. Friedman declared globalization the new economic order in The World Is Flat. But the reign of globalization as we've known it-driven by the United States, China, and big multinational companies-is over, argues Financial Times columnist and CNN analyst Rana Foroohar, and the rise of local, regional, and home-grown business is now at hand. It's time to admit that old-fashioned globalization has failed, says Foroohar.