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Stages In The Globalization Process: 1980 – 2020

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  • Florin Bonciu

Abstract

The process of globalization has passed through several stages since the end of the Second World War. This paper focuses on the period 1980-2020, and identifies a number of factors of influence that have led to the differentiation of 3 subperiods, i.e.: (1) 1980-2008: a subperiod of dynamic evolution and maturity of globalization; (2) 2008-2016: a subperiod of differentiation among players in the world economy and of erosion of the existing world order; and (3) 2016-2020: a subperiod of transition towards a new world order and a new type of globalization. During this last 2016-2020 subperiod, several trends and phenomena have been at work in outlinig the beginning of a moment of discontinuity. The conclusion is that globalization entered after 2016, and particularly after the Covid-19 crisis, into a new stage, with new characteristics that require both awareness nationally and cooperation internationally.

Suggested Citation

  • Florin Bonciu, 2020. "Stages In The Globalization Process: 1980 – 2020," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 12(2), pages 3-10.
    • Handle: RePEc:iem:journl:v:12:y:2020:i:2:p:3-10
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/778/862
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    More about this item

    Keywords

    Globalization; world order; balance of power; globality; deglobalization;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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