From globalization to deglobalization: Zooming into trade
This article shows some evidence of the decrease in merchandise, capital and, to a lesser extent people to people flows.
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.
Related content
David and Goliath: The EU’s Global Gateway versus China’s Belt and Road Initiative
Global economy bracing for Trumpworld
China economic database
Repository of what we consider to be the most relevant macroeconomic data for China and EU-China relations.
China would balk at a sweeping Mar-a-Lago accord
Given the need for a weak renminbi to support export growth, a reprise of the 1985 Plaza Accord with Japan is unlikely