Geopolitics and the global economy

Barry Eichengreen

Journal of International Money and Finance, 2024, vol. 146, issue C

Abstract: Hyperglobalization is dead, but globalization is very much alive. It is being reshaped by loosening economic and financial links between the United States and China. The extent of their decoupling should not be exaggerated, however. The two economies remain deeply interdependent, and their interdependence is being preserved by a re-routing of trade and investment through third countries. Similarly, it is important not to exaggerate the impact on the international role of the dollar, if for no other reason that for the time being there is no viable alternative.

Keywords: Geopolitics; Globalization; Fragmentation (search for similar items in EconPapers)
JEL-codes: F60 P00 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:146:y:2024:i:c:s0261560624001116

DOI: 10.1016/j.jimonfin.2024.103124

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