Deglobalisation: here's what you need to know
www.weforum.org
In response to COVID-19, Russia’s war with Ukraine and climate change, governments and global companies are seeking security and resilience over the benefits of global value chains. There are strong signals that the era of globalisation is coming to an end The rise of globalisation was never entirel
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- In response to COVID-19, Russia’s war with Ukraine and climate change, governments and global companies are seeking security and resilience over the benefits of global value chains.
- There are strong signals that the era of globalisation is coming to an end
- The rise of globalisation was never entirely smooth or assured. The reduction of global trade that was bookended by the two world wars was followed by 60 years of increased globalisation.
- This included the hyper-globalisation period from 1990 to 2008.
- However, the 2008 financial crisis, trade wars, disenfranchised middle classes in developed economies and rising concerns about over-reliance on trade with single partners led to a period of relatively stagnant "slowbalisation".
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