De-globalization: Driven by Global Crises?

Assaf Razin

No 15331, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: International trade increased rapidly after 1990, fueled by the growth of a complex network of global value chains Trade globalization reversed course since the Global Financial Crisis. The new trend is expected to endure after the Global Pandemic Crisis. There are no indication of lessening trend of financial globalization, which, except for short term reversal during the Global Financial Crisis.

Date: 2020-10
New Economics Papers: this item is included in nep-int
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Working Paper: De-globalization: Driven by Global Crises? (2020)
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