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It's the End of Globalization as We Know It! Zeitgemaesse Betrachtungen zur politischen Oekonomik der Globalisierungskrise

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  • Christian Reiner

    (Research Office, Lauder Business School, Austria)

Abstract

The Great Recession in 2008/09, COVID-19 pandemic, the war in Ukraine and the proliferation of protectionist policies have resulted not only in a stagnation, but in a retreat of globalisation. This paper identifies four factors in order to understand the ultimate causes of the current crisis of globalisation: distributional effects, Rodrik's trilemma, the absence of a hegemon and the rejection of the logic of hyperglobalisation in the global South. Whether the future will be more or less globalised depends, beside political power, on the ambivalent effects and interplay of digitization and climate change.

Suggested Citation

  • Christian Reiner, 2022. "It's the End of Globalization as We Know It! Zeitgemaesse Betrachtungen zur politischen Oekonomik der Globalisierungskrise," ICAE Working Papers 141, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    • Handle: RePEc:ico:wpaper:141
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    References listed on IDEAS

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    Keywords

    Globalisation; political economy; Rodrik's trilemma; democracy; distribution;
    All these keywords.

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