It's the End of Globalization as We Know It! Zeitgemaesse Betrachtungen zur politischen Oekonomik der Globalisierungskrise

Christian Reiner

No 141, ICAE Working Papers from Johannes Kepler University, Institute for Comprehensive Analysis of the Economy

Abstract: The Great Recession in 2008/09, COVID-19 pandemic, the war in Ukraine and the proliferation of protectionist policies have resulted not only in a stagnation, but in a retreat of globalisation. This paper identifies four factors in order to understand the ultimate causes of the current crisis of globalisation: distributional effects, Rodrik's trilemma, the absence of a hegemon and the rejection of the logic of hyperglobalisation in the global South. Whether the future will be more or less globalised depends, beside political power, on the ambivalent effects and interplay of digitization and climate change.

Keywords: Globalisation; political economy; Rodrik's trilemma; democracy; distribution (search for similar items in EconPapers)
Pages: 23 pages
Date: 2022-09
New Economics Papers: this item is included in nep-cis and nep-int
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