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Globalisation and deglobalisation

In: Globalisation and deglobalisation

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  • Central Bank of Brazil

Abstract

In the years before the global financial crisis, emerging market economies (EMEs) saw robust global demand, substantial improvements in terms of trade and abundant capital inflows. Nevertheless, trade growth has been weak after the financial crisis, and whether this movement is permanent or transient is still an open question. This note discusses trends in globalisation, the macroeconomic and distributional effects of globalisation in EMEs, and complementary policies that may enable countries to better seize the benefits of globalisation, highlighting the Brazilian experience.

Suggested Citation

  • Central Bank of Brazil, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 71-82, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:100-04
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