The Globalisation Litany

Daniel Gros

CEPS Papers from Centre for European Policy Studies

Abstract: One refrain heard over the last few decades has been that the dominant trend is ‘globalisation’. The world economy was integrating as trade increased year after year more than overall income. But over the last few years this trend has stopped. Trade growth has dramatically slowed and is no longer much higher than income growth, which itself has slowed down. This slowdown in trade is seen as dangerous for the proponents of globalisation. All the major international institutions have recently published studies of the slowdown in trade, almost invariably ending with calls for action to reverse the phenomenon to get globalisation back on track. Daniel Gros is Director of CEPS. An earlier version of this Commentary was published by Project Syndicate on 7 October 2016, and syndicated to newspapers and journals worldwide. It is republished here with the kind permission of Project Syndicate.

Pages: 4 pages
Date: 2016-10
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Persistent link: https://EconPapers.repec.org/RePEc:eps:cepswp:11894

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