Deglobalization and corona
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unpacking the possibility of deglobalisation
Finbarr Livesey argues that he interpretation of the global economy has been framed as an inevitable journey towards ever greater integration—a story of hyper-globalisation. This article discusses the nature of manufacturing to understand whether this interpretation holds and to investigate the possibility of deglobalisation at the level of physical goods trade in the coming decades, and what that may imply for other non-physical elements of globalisation.
World tourism and deglobalization
Data according Our world in data Deglobalization 2.0 identifies tourism as the exception to deglobalization since 2009 (it is the only component that reportedly returned to above trend growth), but more recent data provided by our world in data allow for a longer time frame. The graph shows that tourism is clearly above the peak level that was just reached before the outbreak of the Great Recession and on an upward trend. But it also ahows a clear break and a shift. Tourism is not back on trend although it is growing fast again
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