De-globalization: driven by global crises?
NBER - Cambridge, MA
2020
23 p.
epidemic disease ; globalization ; trade ; value chains
NBER Working Paper
27929
Economic development
English
Bibliogr.
"International trade increased rapidly after 1990, fueled by the growth of a complex network of global value chains. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new trend is expected to endure after the Global Pandemic Crisis. There is no indication so far of significant reversal of financial globalization."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.