D 2023

Has the World Economy Entered a Phase of Deglobalization?

MALÝ, Jiří

Basic information

Original name

Has the World Economy Entered a Phase of Deglobalization?

Authors

MALÝ, Jiří

Edition

1. vyd. Ostrava, Proceedings of the International Scientific Conference ECONOMIC POLICY, p. 188-195, 8 pp. 2023

Publisher

Vysoká škola PRIGO

Other information

Language

English

Type of outcome

Proceedings paper

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

is not subject to a state or trade secret

Publication form

printed version "print"

Marked to be transferred to RIV

No

Organization

Škoda Auto Vysoká Škola z.ú. – Repository

ISBN

978-80-87291-34-4

Keywords in English

international trade; globalization; deglobalization; global value chains; world economy

Tags

International impact, Reviewed
Changed: 13/9/2024 23:10, Barbora Dobrá

Abstract

In the original language

The paper focuses on the current processes in the world economy, which show many differences from the developments before 2008 or 2020 and which may indicate the beginning of fundamental changes in international economic relations. The author analyses the significance of watershed global economic events such as the global financial crisis of 2008–2009, the COVID-19 pandemic of 2020–2023, and the Russo-Ukrainian war from 2022 onwards for the scope and nature of international economic cooperation. The author examines the effects of these events on various global economic indicators and on the functioning of global value chains and global production networks. In this context, the paper discusses possible variants of the future development of the world economy,ranging from a partial correction of the previous hyper-globalization, through a slowdown or halt of globalization, to a transition to the opposite phase of development – deglobalization. It concludes by comparing the likelihood of these different future scenarios.

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