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Deglobalization Tendencies and Their Effect on Inflation

Author

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  • Kaloyan Kolev

    (University of Economics – Varna, Bulgaria)

Abstract

The paper studies the existence of transmissionary mechanism between deglobalization and inflation in the global economy. The topic is explored first through macroeconomic models, and then within the context of international production and the GVC of TNCs. The analysis reveals that deglobalization trends have the potential to accelerate inflationary processes. Part of this potential has already been absorbed through transport prices and disrupted logistics. The biggest threat to price stability on a global scale is the possibility of a drastic shortening of GVC, the transition to regional forms of production and even reshoring to FDI exporting countries.

Suggested Citation

  • Kaloyan Kolev, 2022. "Deglobalization Tendencies and Their Effect on Inflation," Scientific Conference of the Department of General Economic Theory, University of Economics - Varna, issue 1, pages 170-177.
    • Handle: RePEc:vrn:oitcon:y:2022:i:1:p:170-177
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    File URL: https://conference.ue-varna.bg/oit2022/assets/Sbornik_dokladi_OIT_2022.pdf
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    More about this item

    Keywords

    Deglobalization; Global Value Chains; Multinational Enterprises;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • F6 - International Economics - - Economic Impacts of Globalization
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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