Deglobalization Tendencies and Their Effect on Inflation

Kaloyan Kolev

Scientific Conference of the Department of General Economic Theory, 2022, issue 1, 170-177

Abstract: The paper studies the existence of transmissionary mechanism between deglobalization and inflation in the global economy. The topic is explored first through macroeconomic models, and then within the context of international production and the GVC of TNCs. The analysis reveals that deglobalization trends have the potential to accelerate inflationary processes. Part of this potential has already been absorbed through transport prices and disrupted logistics. The biggest threat to price stability on a global scale is the possibility of a drastic shortening of GVC, the transition to regional forms of production and even reshoring to FDI exporting countries.

Keywords: Deglobalization; Global Value Chains; Multinational Enterprises (search for similar items in EconPapers)
JEL-codes: E3 F23 F6 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:oitcon:y:2022:i:1:p:170-177

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