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From Globalization to Deglobalization
Report

From Globalization to Deglobalization

Zooming into Trade

Bruegel, 2020

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

Globalization is in decline. Trade wars, an aversion to multilateralism and an enfeebled World Trade Organization are all behind a trend toward deglobalization, a move that began with the 2008 financial crisis. In this thoughtful analysis, economist Alicia García Herrero offers a sharply focused overview of the 2020s international trade climate. Her sobering conclusions bode ill for global trade and economic growth.

Take-Aways

  • Globalization, long touted as beneficial to prosperity, is reversing course.
  • The trade conflict between the United States and China is a critical component of deglobalization.
  • Various forms of protectionism and an increasingly hobbled World Trade Organization are hindering globalization.

About the Author

Alicia García Herrero is a senior fellow at Bruegel, a European think tank.


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