Globalization isn't in decline: It's changing

Bericht

Globalization isn't in decline; it is simply changing. Although the COVID-19 crisis has seen a dramatic decline in goods trade, investments and the movement of people, a new type of globalization is emerging. This "new globalization" is based on digital services, research and development, data, ideas, and other intangibles. This development has been going on for a while and have evolved more rapidly after the previous global financial crisis (GFC) in 2008-9. For instance, the GFC caused digital services trade to significantly "de-link" from goods-related services trade. This pattern illustrates that the COVID-19 crisis will likely mark another break in trade patterns and that future growth in globalization will depend crucially on digital trade and cross-border exchange in intangibles.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ECIPE Policy Brief ; No. 6/2020

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Coronavirus ; Globalisierung ; Strukturwandel ; Digitalisierung

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Van der Marel, Erik
• Ereignis: Veröffentlichung
• (wer): European Centre for International Political Economy (ECIPE)
• (wo): Brussels
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/227614
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ