Wednesday, 22 July 2015

World trade down

Shortterm contractions of world trade have occured regularly since the 2008/9 trade collapse but this time things mayy be different according to CPB Netherlands Bureau for Economic Analysis: "Because of the volatility of monthly trade figures, momentum is the preferred measure of trade growth.Trade momentum was -1.3% in May (non-annualised), down from -1.2% in April and the lowest reading  May 2009. "

Wednesday, 4 June 2014

E-book



 On the Brink of Deglobalization is available on Elgaronline.com, and have set the front matter, index and any introductory chapter is free to download.

but you can also find the URL web address for individual chapters as well

Monday, 19 May 2014

Risk of deglobalisation

From Deep Globalisation to the Risk of Deglobalisation: the Rise of Local-Contentism

By Marcos Troyjo
As the world transitions from ‘Deep Globalisation to Deglobalisation’, economic policies based on a ‘Doctrine of Local Content’ take center stage. As a consequence, the global economy underperforms. Below, Marcos Troyjo argues that Reglobalisation can only resurface if countries move away from ‘Local-Contentism’ and closer to a productive interdependence turning out ‘Made in the World’ goods.
Read more in world financial review

Monday, 17 June 2013

Arnaud Mehl,Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 148


Globalisation is characterised by long-run historical cycles, however. This includes a significant progress up to 1914; a massive retrenchment in the interwar period; a substantial revival after 1945; and, with the onset of the global financial crisis of 2007-09, some have openly discussed risks of “de-globalisation” (e.g. Van Bergeijk, 2010).  

Saturday, 18 May 2013

Large global volatility shocks,equity markets and globalisation 1885-2011, ECB working paper 1548 / may 2013 by Arnaud Mehl


But globalisation is characterised by long-run historical cycles: significant progress up to 1914; massive retrenchment in the interwar period; a substantial revival after 1945; and with the onset of the global financial crisis of 2007-09, some have openly discussed risks of “de-globalisation” (e.g. Van Bergeijk, 2010).

Sunday, 6 November 2011

Economic Diplomacy in a Changing World by Maxime Verhagen and Henk Bleker in HJD


To solve this issue, we see an increasing role for economic diplomacy. Domestic policy influences the economies of trading partners, which should remind us that all countries are in this together and therefore need to work jointly to find a solution in the G20, International Monetary Fund (IMF), EU or any other multilateral framework that offers the opportunity to ensure strong, balanced and sustainable growth. 20

20. See P.A.G. van Bergeijk, On the Brink of Deglobalization: An Alternative Perspective on the Causes of the World Trade Collapse (Cheltenham: Edward Elgar, 2010); and S.J. Evenett, B.M. Hoekman and O. Cattaneo (eds), The Fateful Allure of Protectionism: Taking Stock for the G8 (London: World Bank and CEPR, 2009).