World trade boom keeps de-globalization at bay | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
By Jamie McGeever ORLANDO, Fla., Feb 27 (Reuters) – Globalization may have peaked, but the resilience of world trade in the face of mounting headwinds means a reversal of the past three decades is not inevitable. Since the COVID-19 pandemic and Russia’s invasion of Ukraine shattered global supply chains, debate has raged over how integrated the global economy will be in the future compared with the previous 30 to 40 years. ‘Globalization’ is an amorphous subject. According to the International Monetary Fund, economic globalization refers to “the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders.” For many economists,.