Deconstructing Deglobalization: The Future of Trade is in Intermediate Services

IF 4.5 3区经济学 Q1 ECONOMICS

Asian Economic Policy Review Pub Date : 2023-10-10 DOI:10.1111/aepr.12440

Richard Baldwin, Rebecca Freeman, Angelos Theodorakopoulos

引用次数: 0

Abstract

This article contests the idea that the world has entered a post-globalization era. It argues that rapid globalization has evolved rather than ended. Even though the global goods trade-to-GDP ratio reached its zenith 15 years ago, the rapid rise of services trade has persisted and now accounts for one-fifth of international commerce. The paper makes a statistical and logical case that the future of trade lies in services trade—especially trade in intermediate services.

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解构去全球化：贸易的未来在于中间服务

本文对世界已进入后全球化时代的观点提出质疑。文章认为，快速全球化是发展而非终结。尽管全球货物贸易与国内生产总值的比率在 15 年前达到了顶峰，但服务贸易的迅速崛起仍在持续，目前已占到国际商业的五分之一。本文从统计和逻辑上证明，贸易的未来在于服务贸易，尤其是中间服务贸易。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Economic Policy Review ECONOMICS-

CiteScore

12.90

自引率

2.60%

发文量

期刊介绍： The goal of the Asian Economic Policy Review is to become an intellectual voice on the current issues of international economics and economic policy, based on comprehensive and in-depth analyses, with a primary focus on Asia. Emphasis is placed on identifying key issues at the time - spanning international trade, international finance, the environment, energy, the integration of regional economies and other issues - in order to furnish ideas and proposals to contribute positively to the policy debate in the region.