ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)

News

Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 1 / 2023 (634), Spring

An economic analysis of trade war and deglobalization in current international relations within the paradigm of globalization

Altaf Hussain PADDER
Annamalai University, Chidambaram Tamil Nadu, India

Abstract. The purpose of the article is on the deglobalization processes currently taking place in international economic interactions, and also attempts to examine how the trade blocs of the major economies affect the rest of globalization. The Kinked Exponential Model was used to determine decadal growth rates based on 31 years of panel data from 1990 to 2020 for 15 large countries (gross domestic product). Three different regression models i.e., Pooled OLS, Fixed- and Randomeffect models were estimated to examine the effects of trade blocs and wars between nations on the world economy. Over the study period, disparities and increasing economic inequality between variables have widened. In addition, international conflicts have had a negative impact on international trade and have significantly affected globalization. More importantly, trade blocs, particularly the OECD, APEC, and BRICS have slowed trade with the rest of the world, reflecting a process known as regionalization, in which countries cooperate rather than at the global level. In particular, during the third decade of the twentieth century, when the growth rate of trade flows among major countries declined rapidly by 8.8 per cent, this regionalization did not stop and expanded significantly.

Keywords: globalization, deglobalization, trade war, trade impact, trade blocs, economic integration, kinked exponential model.

Download the full article:  

Contents

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România / Editura Economică
Redacția: Oficiul poștal 18, Ghișeul 3 - Căsuța poștală 31, București 014820, E-mail: economia.ta@edeconomica.com

© 1994-2024 Theoretical and Applied Economics