This revision presentation examines whether the global economy might be entering a period of de-globalisation…
The presentation examines some of the evidence of de-globalisation and the contribution of globalisation to the credit crunch:
- Steep slowdown in world economic growth
- Unemployment worldwide will rise by around 30m above 2007’s level in 2009
- Sharp fall in global trade
- Fall in net private debt and equity flows to developing countries
- Worldwide FDI inflows shrank 21% in 2008 to $1.4 trillion
- Partial reversal of migrant flows and also remittances
- Evidence of a return towards economic nationalism
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