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Globalisation and deglobalisation

Central Bank of Brazil

A chapter in Globalisation and deglobalisation, 2018, vol. 100, pp 71-82 from Bank for International Settlements

Abstract: In the years before the global financial crisis, emerging market economies (EMEs) saw robust global demand, substantial improvements in terms of trade and abundant capital inflows. Nevertheless, trade growth has been weak after the financial crisis, and whether this movement is permanent or transient is still an open question. This note discusses trends in globalisation, the macroeconomic and distributional effects of globalisation in EMEs, and complementary policies that may enable countries to better seize the benefits of globalisation, highlighting the Brazilian experience.

Date: 2018
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