The rise of deglobalization: Part 1
|Summary
Globalization—the rising interconnectedness of the world's economies—has ended. The prior environment of frictionless trade and the free movement of capital, people, information etc. is over, and the global economy is currently in a period of deglobalization. In fact, deglobalization began in the wake of the 2008-2009 Global Financial Crisis; however, the fragmentation of the global economy has picked up pace over the last fifteen years with the rise of protectionist policies, escalating geopolitical tensions and COVID. In this first report of a series focused on deglobalization, we discuss the fracturing of the global marketplace as well as the role China plays in the disconnecting of the global economy.
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