COVID-19 No Match for the Forces of Global Trade: It Is Too Early to Declare the End of the Current Era of Globalization
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Date
2020-05
Authors
Journal Title
Journal ISSN
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Publisher
Mosbacher Institute for Trade, Economics & Public Policy
Abstract
Description
COVID-19 is not only causing worldwide economic decline, it is also feeding the world-view of those who favor more isolationist policies. While de-globalization captures more than trade, economic integration is at its core. In this article, the not-so-well-known operational underpinnings of trade globalization are explored. The basic reasons why international trade has skyrocketed in the recent past point to our economic future as well.
Keywords
globalization, global trade