Showing posts from July, 2019

Lucas Chancel on inequality and deglbalization

We already have phenomena like Donald Trump, brexit and populists gaining ground. Will "deglobalization" become more pronounced in this wave?

One of the problems is that the promises of globalization largely fail. It should raise the standard of living in low-income countries, and this happened.

But it should also improve the lives of middle class and working people in rich countries, and this has not happened.

One way to understand the rejection of multilateralism is the very failure of multilateralism.

But one way to try to make it successful is to address the critical question you posed, the flight of capital. It is necessary to organize globalization and to know with more transparency where wealth is and how it moves from one country to another.

This means, for example, that we can not continue to negotiate with tax havens that do not respect the basic rules of transparency. Because countries and governments lose in this game. This justifies the imposition of limits.


Deglobalization revisited: Seven macro directions

John Butler: There will still be economic cycles, but this structural theme of deglobalisation is changing the nature of those cycles and the underlying trends they oscillate around. This is a clear frame break from the past and will be played out over multiple years. While we will likely see an ebb and flow, driven by the broader dynamics of the economic cycle, the path is clear and concerning for economic growth. more

Investing in the age of deglobalization

Rana Foroohar: The wisdom of relying on the equity of US multinationals is now suspect


Deglobalization 2.0 op video

I have worked on deglobalization since I became professor at Erasmus University in 2009. Ten years of research have led to many publications. This video lecture shares what I learned and introduces my latest book Deglobalization 2.0.
We know globalization from our own experience very well. Increasing trade, foreign investment, travel and international cooperation. But that picture has spun recently as we have entered a period of deglobalization in which openness of the world economy is actually decreasing. According to recent forecasts, deglobalization is here to stay and may even deepen.
So don’t you think that we live in strange and usual times? We seem to live in the times of Trumpism, Brexitism and deglobalization. Our epoch definitely feels like something unique. But it is not. Indeed, our grandparents have been here before. Of course, the voices and characters on the world stage are different. But the stories of the Great Depression of the 1930s and the Great Recession, that we…

Is globalization 2.0 unravelling

This blog from the New Atlanticist from 2009 is worth rereading. With today's knowledge the analysis makes sense. Underneat the veil of initial recovery Deglobalization indeed set in - well befor Brexit and Trump emerged

The bitter fruit of de-globalisation

A British exit from the European Union wouldn’t just weaken the economies of both parties, but might mark a significant step back from globalisation. Worth re-reading after some years

Disrupted production location choices


World tourism and deglobalization


Roubini on cold trade war

ECRI indicator of deglobalization

De-Globalization Diagnosis Predated Trade War"
ECRI's latest article details the trending de-globalization that has taken over the last couple of years. They describe the trend in conjunction with the global growth decline and explain that when global GDP growth outpaces global trade growth, we have de-globalization. The article details the unequal nature of deglobalization, stating that exports in the Eurozone have trended higher than their Western counterparts.

The meaning of deglobalization


Could Deglobalisation Disrupt U.S. Supply Chains?

Lawrence Orlowski Robert E Schulz Jennelyn U Tanchua write on S&P global: "S&P Global Ratings believes that de-globalization could change the way multinational corporations manufacture and distribute goods--not just in the near term but for decades to come." and "To be sure, this wouldn't be the first time companies would need to adjust to such shifting supply-chain dynamics. By the late 19th Century, the sourcing of raw materials and trade in goods had become a global affair. By telegraph, a company in London could order a shipment of goods from Germany, India, or any number of outposts around the world. Unfortunately, this newfound interconnectedness didn't prevent international conflict, and World War I put an end to the benefits that the easier flow of goods conferred."

Topical analysis

The online learning platform iasscore is a dedicated online platform initiative by GS SCORE. It has a topical analysis of deglobalization that is quite broad (although it misses the point that the 1930s were the first wave of deglobalization)

TOPICAL ANALYSISTOPICAL ANALYSIS 6: DEGLOBALIZATION Deglobalization is the process of diminishing interdependence and integration between certain units around the world, typically nation-states.

Several prominent countries including the UK resisted globalisation by rising tariffs. Far-right parties in Europe gained popularity in this atmosphere of financial weakness.


What if

The Economist published its new set of scenario's. "What if the US leaves Nato" fits in the "End of the Liberal Peace" in Deglobalization 2.0

Countering the globalization myth

Globalization is the ultimate myth of the linear  thinking moral imperative that ignores periods of deglobalization and the role of non-physical “storytelling” elements. The only thing inevitable is that on the current path, predatory globalization will result in human extinction, and extinction of most other species, except of course, the cockroach.

David M. Boye Story telling in the global age