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The Recoil of Globalization and the Rising Aspects of Slowbalization, De-Globalization, Re-Globalization and Sustainability for Business and Companies

Author

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  • Anis Benabed

    (Bucharest University of Economic Studies, Doctoral School of Economics and International Business, Romania)

Abstract

This paper analyzes and presents the recoil of globalization and the rising aspects of slowbalization, de-globalization and re-globalization for business and companies. The analysis and results demonstrated that as globalization united economies and societies, it has led them as well to various challenges where some of them started to de-globalize by moving their business and companies home to avoid the negative impact of globalization and to secure their business values. The rising challenges in the global economy and society have made globalization recoil and move towards the process of slowbalization or de-globalization. The ups and downs in the global GDP, inequality between nations and economies in business values and benefits, the rise of geopolitical conflicts, the expensive technologies and its dominance by developed countries, the slowdown in foreign direct investments (FDIs) are some of the main factors of the slowdown of the process of globalization. In conclusion, there should be an extension and embrace of trade and international business rather than rejecting it to overcome the most pressing challenges of globalization. The reality of re-globalization or even sustainable globalization might be be visible when all the sustainable developemnt goals (SDGs) will be fullfilled.

Suggested Citation

  • Anis Benabed, 2024. "The Recoil of Globalization and the Rising Aspects of Slowbalization, De-Globalization, Re-Globalization and Sustainability for Business and Companies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 22-30, August.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:22-30
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    References listed on IDEAS

    as
    1. Michael A. Witt, 2019. "De-globalization: Theories, predictions, and opportunities for international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(7), pages 1053-1077, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    globalization; companies; slowbalization; de-globalization; re-globalization; recoil; business internationalization;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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