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From globalization to deglobalization: Zooming into trade. Bruegel Special Report

Herrero, Alicia Garcia (2019) From globalization to deglobalization: Zooming into trade. Bruegel Special Report. UNSPECIFIED.

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    Abstract

    After decades of increasing globalization both in trade, capital flows but even people to people movements, it seems the trend has turned towards deglobalization. This article shows some evidence of the decrease in merchandise, capital and, to a lesser extent people to people flows. In addition, zooming into trade, the article offers an account of the importance of the strategic competition between the US and China to foster the deglobalization trend further. This is true for trade but even beyond in the tech and finance space. Finally, the demise of the WTO could be one of the most relevant turning points towards deglobalization, especially as far as trade is concerned. This should bring downward pressure to growth globally.

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    Item Type: Other
    Uncontrolled Keywords: De globalizaciĆ³n, Trade, US-China trade war, WTO.
    Subjects for non-EU documents: EU policies and themes > External relations > globalisation/globalization
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Bruegel (Brussels) > Special Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Feb 2020 11:01
    Number of Pages: 10
    Last Modified: 20 Feb 2020 11:01
    URI: http://aei.pitt.edu/id/eprint/102467

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