Deglobalisation in the context of United States-China decoupling BY: ALICIA GARCÍA-HERRERO AND JUNYU TAN

 

After decades of increasing globalisation, there now seems to be a slowing, or even a turn to deglobalisation, meaning decelerating trade and investment and reduced global value chains. This trend seems to have accelerated because of the United States’ push to contain China in the context of their strategic competition. So far, however, there is less evidence of deglobalisation in terms of financial flows.

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