Deglobalization: The Rise of Disembedded Unilateralism

IF 5 3区 经济学 Q1 BUSINESS, FINANCE
H. James
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引用次数: 45

Abstract

There is some evidence of deglobalization in the aftermath of the 2008 financial crisis. The economic data are mixed and indicate a stall, but not a collapse, of globalization. Cross-border financial flows have been reduced, but the overall outcome mostly reflects changes in European banking. Trade is not growing as quickly as before the crisis, but that may be the consequence of technology shortening supply chains. There are more protectionist measures, but they have not radically cut trade. But political deglobalization has advanced much further, and consequently, there is the prospect of more intense conflicts over trade and financial regulation in the future, as well as one of an increasing backlash against migration. Globalization depends on a complex system of regulating cross-border flows and on embedding domestic rules in an international order. The political momentum is directed against the existing methods or regulation and against the complex rules that had been established to manage globalization. The promise given by populist myth builders is that eliminating international entanglements can make life simpler, less regulated, and above all, less subject to the dictates of an administrative class. Modern economic nationalism or unilateralism can be understood as a reversal of the process of embedding and may thus be termed “disembedded unilateralism.”
去全球化:非嵌入式单边主义的兴起
2008年金融危机之后出现了一些去全球化的迹象。经济数据好坏参半,表明全球化陷入停滞,但并未崩溃。跨境资金流动有所减少,但总体结果主要反映了欧洲银行业的变化。贸易增长不如危机前那么快,但这可能是技术缩短供应链的结果。有更多的保护主义措施,但它们并没有从根本上削减贸易。但政治上的去全球化已经取得了更大的进展,因此,未来在贸易和金融监管方面可能会出现更激烈的冲突,反对移民的呼声也会越来越高。全球化有赖于监管跨境流动的复杂体系,有赖于将国内规则纳入国际秩序。这种政治势头反对现有的方法或规章,反对为管理全球化而制定的复杂规则。民粹主义神话缔造者的承诺是,消除国际纠缠可以使生活更简单,监管更少,最重要的是,更少受行政阶层的支配。现代经济民族主义或单边主义可以理解为嵌入过程的逆转,因此可以称为“非嵌入单边主义”。
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
CiteScore
5.00
自引率
0.00%
发文量
26
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