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Deglobalization ‒ a situational phenomenon or a stable world trend?

Title:


Deglobalization ‒ a situational phenomenon or a stable world trend?


Authors:


Markovych, Iryna
Bazhanova, Nataliia

Affiliation:


Ternopil Ivan Pul'uj National Technical University 56 Ruska str., 46001 Ternopil, Ukraine e-mail: soriraa@gmail.com
Ternopil Ivan Pul'uj National Technical University 56 Ruska str., 46001 Ternopil, Ukraine e-mail: bazhanova_natalia@ukr.net


Bibliographic description: 


Markovych, I. & Bazhanova, N. (2020) Deglobalization ‒ a situational phenomenon or a stable world trend? Sotsialno-ekonomichni problemy i derzhava [Socio-Economic Problems and the State] (electronic journal), Vol. 22, no. 1, pp. 16-24. Available at: http://sepd.tntu.edu.ua/images/stories/pdf/2020/20mibswt.pdf


Issue Date:

 

jul-2020


Submitted date:

 

may-2020


Publisher:

 

Ternopil Ivan Puluj National Technical University


Identifier

ORCID: 


https://orcid.org/0000-0003-4585-722X
https://orcid.org/0000-0001-6949-705X


UDC


330.11


JEL: 


F60


Keywords:


globalization
deglobalization
national economy
international trade

Pages: 


9


Pages: 


16-24


First page:


16


Last page:


24


Abstract:  The aim of the article is to identify trends in the world economy in terms of changes in periods of increasing globalization and deglobalization manifestations, supplementing them with a study of the factors that stimulate these manifestations. Economic-financial, social and political globalizations are singled out as planes of globalization processes development. It is shown that economic and financial globalization is characterized by the intensity and conditions of movement of goods and services in international trade flows; organizational and economic transformations of entrepreneurship in the context of innovative changes in the world’s economic development; investment component of the economies functioning; formation of a common financial market, etc. Social globalization finds its expression through cross-cultural and behavioral aspects of interactions in the world; migration processes; the role of the information space in reformatting the world order, etc. Political globalization is manifested in the peculiarities of the influence of the institutional factor on market structures; decision-making procedures at the national and international levels, etc. The cyclical intensification of globalization and deglobalization manifestations in the world economy has been studied, which demonstrates the stability of the tendency to weaken the importance of fragmented supply chains in international trade. It has been proven that the ability to adapt is especially important for companies to be able to use the opportunities that are open to them as actors in today's interconnected world, and not lose their potential under the influence of often contradictory forces, which are due to them. Differences in perceptions of the benefits and threats of globalization forces by different population groups are shown, as well as changes in the geography of global demand, the drivers of skepticism about globalization are outlined, the most important of which are: inequality, and in the interstate context); certainty (vulnerability caused by the possible loss of national identity and its gradual replacement by cultural norms of other countries); impact (vulnerability due to difficult opportunities to counter the decisions and policies of international organizations and multinational companies).

URI: 


http://elartu.tntu.edu.ua/handle/lib/34240


ISSN: 


2223-3822


Copyright owner:

 

Scientific Journal "Socio-Economic Problems and the State"


URL-releated material:

 

http://sepd.tntu.edu.ua/images/stories/pdf/2020/20mibswt.pdf
https://www.piie.com/microsites/globalization/what-is -globalization
https://app.everviz.com/embed/juiXJrYS/?redirected-from-hs
https://doi.org/10.1057/s41599-020-0403-x


References: 


1. Kolb, M. (2018). What is globalization? And how has the global economy shaped the United States?Washington: Peterson Institute for International Policy. Retrieved from https://www.piie.com/microsites/globalization/what-is -globalization.
2. Rodrik, D. (1997). Trade, social insurance, and the limits to globalization (No. w5905). National Bureau of Economic Research.
3. Cuervo-Cazurra, Alvaro & Doz, Yves & Gaur, Ajai (2020). Skepticism of Globalization and Global Strategy: Increasing Regulations and Countervailing Strategies. Global Strategy Journal.
4. Bob Swarup, Macro Matters (2015) Camdor Global Advisors https://app.everviz.com/embed/juiXJrYS/?redirected-from-hs.
5. Balsa-Barreiro, J., Vié, A., Morales, A.J. et al.(2020) Deglobalization in a hyper-connected world. Palgrave Commun 6, 28. https://doi.org/10.1057/s41599-020-0403-x.
6. Fajgelbaum, Pablo D. and Amit K. Khandelwal. (2016). “Measuring the Unequal Gains from Trade.” The Quarterly Journal of Economics 131 (3): 1113–180.
7. Lund, #x20;S., Manyika, J.,Woetzel, J., Bughin, J., Krishnan, M., Seong, .J, & Muir, M. (2019). Globalization in transition: The future of trade and value chain. Report, New York: McKinsey Global Institute.


Issue type: 


Article


Appears in Collections:


Scientific Journal "Socio-Economic Problems and the State", Vol.22, No.1

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