THE EVOLUTION OF ECONOMIC GLOBALIZATION DURING THE CURRENT GLOBAL CRISIS

• Main Author: Sabina Tuca
• Format: Article
• Language: English
• Published: Alexandru Ioan Cuza University of Iasi 2013-12-01
• Series: CES Working Papers
• Subjects: current global crisis; economic globalization; deglobalization
• Online Access: http://www.ceswp.uaic.ro/articles/CESWP2013_V4_TUC.pdf

The current economic crisis constitutes a serious test for the process of globalization. The purpose of this study is to analyze the influence of the current global crisis on economic globalization. To assess the impact of the current crisis on economic globalization, this paper examines the KOF Index of Globalization, before and during the crisis. The findings generally support the idea that economic globalization has been, in fact, weakened, after the onset of the current crisis. However, there is evidence that suggest that economic globalization has resumed the upward trend that characterized it before the crisis. Despite the fact the global crisis has shaken the process of globalization, we cannot talk of an end of globalization, as some predictions have indicated.