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Features of Economic Globalization in the Early 2020’s

Author

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  • Ivan Nikolaevich VORONA

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

As economic globalization is understood in different ways the article gives a new definition to it as a sustainable phenomenon that encompasses intra- and interregional economic ties between countries, the proportion of which as well as the structure and dynamics of global economic flows are influenced by global value chains and multinational companies. Using the DHL Global Connectedness Index as an integrated measure to analyze trends over the last years including the COVID-19 pandemic the author shows that it is too early to conclude that deglobalization has started. The main trends in economic globalization in the second decade of the XXI century are reviewed and its key features are described.

Suggested Citation

  • Ivan Nikolaevich VORONA, 2024. "Features of Economic Globalization in the Early 2020’s," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 3, pages 76-94, March.
    • Handle: RePEc:alq:rufejo:rfej_2024_03_76-94
    DOI: 10.24412/2072-8042-2024-3-76-94
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    More about this item

    Keywords

    deglobalization; DHL global connectedness index; economic globalization; global economic flows; regionalization of international economic ties; trade-to-GDP ratio;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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