Globalization Today: Incomplete, Distorted and Unfair

Domenico Mario Nuti ()
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Domenico Mario Nuti: University of Rome

Chapter 24 in Collected Works of Domenico Mario Nuti, Volume II, 2023, pp 549-554 from Palgrave Macmillan

Abstract: Abstract Globalization—understood as increasing worldwide economic integration—is today equally as spectacular in its progress as in its incompleteness. Globalization is incomplete because of the maintenance of forms, often intense, of protectionism, tariff and non-tariff; the proliferation of commercial blocks (200 regional agreements at the latest count, for the 150 World Trade Organization (WTO) members; only Mongolia is not part of a block); the lack of a single world currency in place of 105 currencies, the conspicuous lack of global governance institutions.

Date: 2023
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DOI: 10.1007/978-3-031-23167-4_24

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