Economic Globalisation

Origins and consequences

image of Economic Globalisation

Few subjects are as controversial – and poorly understood – as globalisation. While in its broadest sense, economic globalisation is as old as trade itself, the recent financial crisis has amplified the complexity associated with the global interconnectedness of the world’s economies and its ramifications on our livelihoods.

This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability: does globalisation foster development or create inequality? Does it promote or destroy jobs? Is it damaging to the environment or compatible with its preservation? Are we heading towards de-globalisation or can globalisation in fact enable recovery?

English Also available in: French, German, Spanish

Growing economic integration in a divided world (from 1945 to the 1990s)

Despite rivalries between ideological blocs, international trade recovered spectacularly in the post-war era. Western trade liberalisation occurred in a multilateral context which, combined with advances in transportation and communication modes, created an ecosystem favourable to increasingly intertwoven economies. This ecosystem allowed companies to develop their activities beyond borders. Multinationals were very important in helping to shape the face of globalisation.

English Also available in: German, French


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