Deglobalization or the Transformation of Globalization: the Evolutionary Dilemma
Deglobalization or the Transformation of Globalization: the Evolutionary Dilemma

Author(s): Vesela Todorova
Subject(s): Social Sciences, Economy, Supranational / Global Economy, Sociology, Globalization, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: globalisation; deglobalisation; connotation; convergence; glocalisation; slowbalisation
Summary/Abstract: Globalization does not end; it has evolved and will continue to evolve for the foreseeable future. Trade barriers for services are significantly higher and falling faster than for goods, indicating that growth in services trade is likely to persist for many years and will continue to outpace trade growth with goods, suggesting that the future of trade is in services. Support for globalization by developing countries will become an important counter to the deglobalization promoted by some developed Western countries. The network of society formed under the paradigm of information technology will be a very important source to the development of globalization. Due to the effect of cultural globalization, the chance of the coming deglobalization also decreases.

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