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On the brink of deglobalisation…again

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  • Peter A G van Bergeijk

Abstract

This article provides an empirical analysis of the disruption of (neo)classical/liberal globalisation during the Great Depression and the Great Recession, identifying challenges to existing knowledges and approaches, in particular the mainstream analysis that studied the Great Recession in isolation, treating it as a special case and ignoring political covariates of deglobalisation processes. The econometric analysis (an unbalanced panel of 31 countries in the 1928–1932 and 128 countries in 2008–2012) does not find an impact from the level of development on deglobalisation. The manufacturing import share is significantly associated with stronger deglobalisation (this effect is stronger in the 1930s than in the 2000s). The political system is highly significant in both 1930s and 2000s, but the sign of its impact is opposite. In the 1930s, autocratic rule and dictatorship are associated with stronger deglobalisation; in the 2000s, democracy is associated with stronger deglobalisation.

Suggested Citation

  • Peter A G van Bergeijk, 2018. "On the brink of deglobalisation…again," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 11(1), pages 59-72.
    • Handle: RePEc:oup:cjrecs:v:11:y:2018:i:1:p:59-72.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsx023
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    Citations

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    Cited by:

    1. Tomas Casas-Klett & Jiatao Li, 2022. "Assessing the Belt and Road Initiative as a narrative: Implications for institutional change and international firm strategy," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 857-873, September.
    2. Diletta Pegoraro & Lisa Propris & Agnieszka Chidlow, 2022. "Regional factors enabling manufacturing reshoring strategies: A case study perspective," Journal of International Business Policy, Palgrave Macmillan, vol. 5(1), pages 112-133, March.
    3. (ed.), 0. "Research Handbook on Economic Diplomacy," Books, Edward Elgar Publishing, number 16053.
    4. Christopher Chase-Dunn & Alexis Álvarez & Yuhao Liao, 2023. "Waves of Structural Deglobalization: A World-Systems Perspective," Social Sciences, MDPI, vol. 12(5), pages 1-22, May.
    5. Ramesh Kumar Chaturvedi, 2022. "Enhancing the productive engagement of COVID-19-driven workers’ exodus through micro-entrepreneurship: accentuated role of de-globalization and local innovations," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 385-394, December.

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