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Welcome to De-globalization: A Short History of the End of Globalization (?)

Author

Listed:
  • Maddaremmeng A. Panennungi

    (Lecturer at the Department of Economics, University of Indonesia)

Abstract

The world economic crisis has the potential to reverse the process of globalization. The crises has weakened the “attraction among economies” and decreased the movement of goods and services, and factors of production (especially capital, and people). Furthermore, the defenders of globalization, especially exporters (and importers?) and governments, will be weakened in facing anti-globalization movements. It is probable (but not certain) that the anti-globalization forces will gain power in many countries that lead to protectionist policies and by other anti-globalization policies, including in Indonesia.

Suggested Citation

  • Maddaremmeng A. Panennungi, 2009. "Welcome to De-globalization: A Short History of the End of Globalization (?)," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 57, pages 97-113, April.
    • Handle: RePEc:lpe:efijnl:200905
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    More about this item

    Keywords

    Globalization; Fincancial Crises; Trade Integration; Trade Poliy;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • G01 - Financial Economics - - General - - - Financial Crises
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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