Deglobalization and resilience: a historical perspective

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Abstract

The paper employs a multimethod approach to investigate shifts from globalization to
deglobalization, presenting a novel economic theory grounded in recent data. It identifies two
mechanisms driving structural deglobalization: escalating costs and diminishing benefits at the
national level, hindering redistribution efforts and the challenge to sustain global public goods due
to waning economic hegemony. The analysis integrates perspectives from international economics,
history, hegemonic stability theory and world system theory through narrative review, descriptive
statistics and econometric analyses. The multimethod examination emphasizes the complexities
of deglobalization, involving international relations, history and economics. Democracy and trade
composition emerge as significant factors influencing deglobalization, with varying impacts across
historical contexts. Despite this, the resilience of world trade to deglobalization appears to
have increased over time. The study underscores the necessity of blending methodologies from
different disciplines for a comprehensive understanding of deglobalization and proposes avenues
for further research in this complex, multidimensional phenomenon.
Original languageEnglish
Number of pages17
JournalCritical Sociology
DOIs
Publication statusPublished - 2024

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© The Author(s) 2024

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