Template-Type: ReDIF-Article 1.0

Author-Name: Peter Halmai 
Author-Workplace-Name: Hungarian Academy of Sciences, Budapest University of Technology and Economics (BME), University of Public Service
Author-Email: halmai.peter@gtk.bme.hu
Author-Person: pha596

Title: Globalisation versus Deglobalisation

Abstract: One of the biggest questions in recent years concerns the future of globalisation.
Some argue that the rivalry between the USA and China, certain trade policy
restrictions and the repercussions of the coronavirus pandemic that threatened
global production and supply chains could mean the end of globalisation. In fact,
however, we are witnessing a fundamental transformation of the globalised world
economy. Identifying the main directions of change is a crucial task for economists
as well as a precondition for prudent economic policy action.

Classification-JEL: F02, F10, F15, F20, F42, F51, F60, F62, F68
Keywords: global and regional integration, deglobalisation, protectionism, outsourcing, global value chains (GVC), fragmentation, productivity spillover, intangible assets, "elephant curve"
Pages: 5-24
Volume: 22
Issue: 2
Year: 2023
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-22-2-ove1-halmai.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:22:y:2023:i:2:p:5-24