Are We Living in an Era of Economic Deglobalization? Some Salient Facts

Seminar paper from the year 2021 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 60%, Staffordshire University, language: English, abstract: This essay tries to answer the question, whether the current time can be described as an era of deglobalization. The genesis of deglobalization can be traced from the advent of 1997 Asian financial crisis, the 2008 global financial crisis and the world economic order based on liberal, rule based multilateral principles which are resilient and durable. The changing dynamics of the world economic order has motivated deglobalization to take root. This creates a world without superpowers and ironically at the same time still remains to be multiplex and multipolar.