Deglobalization | Wikipedia audio article
Channel: wikipedia tts
Date: 15/05/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Deglobalization


00:02:08 1 1930s versus 2010s
00:04:25 2 Measures of deglobalization
00:06:47 3 Risks of deglobalization
00:07:42 4 (International) political economy of deglobalization
00:09:11 5 See also



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SUMMARY
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Deglobalization or Deglobalisation is the process of diminishing interdependence and integration between certain units around the world, typically nation-states. It is widely used to describe the periods of history when economic trade and investment between countries decline. It stands in contrast to globalization, in which units become increasingly integrated over time, and generally spans the time between periods of globalization. While globalization and deglobalisation are antitheses, they are no mirror images
The term of deglobalization has derived from some of the very profound change in many developed nations, where trade as a proportion of total economic activity until the 1970s was below previous peak levels in the early 1910s. This decline reflects that their economies become less integrated with the rest of the world economies in spite of the deepening scope of economic globalization. At the  global level only two longer periods of deglobalization occurred, namely in the 1930s during the Great Depression and 2010s, when following the Great Trade Collapse the period of the World Trade Slowdown set in. 

The occurrence of deglobalization has strong proponents who have claimed the death of globalisation, but is also contested by leading academics such as Michael Bordo  who argues that it is too soon to give a good diagnosis and Mervyn Martin  who argues that US and UK policies are rational answers to essential temporary problems of even strong nations
While as with globalization, deglobalization can refer to economic, trade, social, technological, cultural and political dimensions, much of the work that has been conducted in the study of deglobalization refers to the field of international economics.