The end of globalization?

The last 30 years, globalization has stimulated economic growth, especially in emerging markets, and helped reduce both inflation, and real interest rates in developed countries. However, the involvement of several billion workers in the global economy has led to a drop in labor incomes amid a significant increase in company profits.. But since about 2010 a decline in cross-border capital flows. Some experts believe, that this is a temporary hiatus and that new technologies are re-intensifying globalization trends.

But there are good reasons to doubt it too.. After all, most countries are currently open, and there are no major economic players left, who could integrate into the global economy (China is unlikely to want to open its capital markets). Furthermore, such a process as "de-globalization" seems more and more likely, during which international trade and capital flows will decline. In modern conditions, the economy is only a servant of big politics, which was clearly confirmed by the trade war between the United States and China. AND, despite, seemingly, political change in Washington, China's position as America's strategic competitor means, that further confrontation is inevitable.

What forms can de-globalization take?? The likely development of the trend ranges from partial regionalization, where production is concentrated in neighboring countries, and not on the other side of the globe, before splitting into tightly competing blocks (one led by the USA, and the other – with China).

Whatever the outcome mentioned, it will be possible to state the end of the globalization concept at the current stage of the planet's technological development.

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Pavel Murov
1 month ago

The process of de-globalization in the world is accelerating and in it, primarily, the most advanced and most technologically advanced countries will suffer. The same China, eg, sharpened to be the factory of the world. But Russia with its “backward” export of raw materials has a chance to suffer little or no harm in the collapse of the global trading system.

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Pathfinder
1 month ago

Closed borders, stopped flights, interrupted supplies of components, canceled international fairs, failed tours – coronavirus has become a catalyst for the global process of de-globalization.

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Caiman
1 month ago

Yes everything will be in line. China kicks, Yes. But whatever one may say, all key patents, which commies use – American. Beijing leaves for creative communication of ideas and technologies.

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Igor Hlunov
1 month ago
Reply to  Caiman

Here's another thing – now the PDA, using the fruits of scientific and technological progress is switching from the regime “totalitarianism medium” into mode “hard totalitarianism” (“Social rating”) If activists in Europe and the US are not bought up in the bud by Chinese money, then a wave of indignation will rise, what could lead to an embargo on Chinese products. And without rich sales markets, China – bankruptcy.

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Inga
Inga
26 days ago

Humanity living in the conditions of globalization has received all the benefits, as positive, and negative, so now people are trying de-globalization. for example, Brexit. It won't get you anywhere

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Linda
Linda
26 days ago

Deglobalization – the worst evil, the most powerful blow to millions of people, which will change their lives forever. Economics don't give a fuck about politics, democracy, presidents, etc., she does not care, who decided what

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