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The economic and social costs of globalisation: A target zone analysis

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  • Pompeo Della Posta

Abstract

This paper adopts a target zone approach to analyse and interpret the current phase of slowdown, if not retreat, of economic globalisation. A ‘honeymoon’ emerges when a credible limit is imposed on its economic and social costs. Conversely, if the upper cost threshold is not set credibly, a ‘divorce’ from economic globalisation emerges earlier than if no target is taken into account. Such a second case represents the recent events.

Suggested Citation

  • Pompeo Della Posta, 2021. "The economic and social costs of globalisation: A target zone analysis," The World Economy, Wiley Blackwell, vol. 44(3), pages 633-644, March.
    • Handle: RePEc:bla:worlde:v:44:y:2021:i:3:p:633-644
    DOI: 10.1111/twec.13008
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    Cited by:

    1. Lu, You-Xun, 2022. "The stabilizing effect of the zero lower bound: A perspective of interest rate target zones," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 61-67.
    2. Pompeo Della Posta, 2023. "The Belt and Road Initiative: Inclusive Globalization and Poverty Reduction," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(2), pages 273-288, May.

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