De-globalization: Driven by Global Crises?

Assaf Razin

No 27929, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: F0 F3 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-his and nep-int
Note: IFM
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Working Paper: De-globalization: Driven by Global Crises? (2020)
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