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Trade wars and the changing international order: a crisis of globalization?

Trade wars and the changing international order: a crisis of globalization? AbstractIncreased geopolitical competition and growing economic nationalism after 2014 have gradually started to slow the trend of liberalization of international trade. Relations among certain national states have turned into trade wars – a hybrid phenomenon shaped at the intersection of geopolitics and geoeconomics. The paper explores global and regional trends in trade regulations introduced by the world's largest economies and, at the same time, its major military powers. The G20 countries’ role in these processes was illustrated through references to empirical data on the dynamics of the introduced trade regulations in 2009–2018. The effectiveness of the regulations index is proposed. Apart from the harm that deepening such negative trends in the global geostrategic balance does to broader bilateral relations, the role of trade wars in re-shaping globalization's established conditions is also discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Miscellanea Geographica de Gruyter

Trade wars and the changing international order: a crisis of globalization?

Miscellanea Geographica , Volume 25 (2): 11 – Apr 1, 2021

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Publisher
de Gruyter
Copyright
© 2021 Valentin Mihaylov et al., published by Sciendo
ISSN
2084-6118
eISSN
2084-6118
DOI
10.2478/mgrsd-2020-0051
Publisher site
See Article on Publisher Site

Abstract

AbstractIncreased geopolitical competition and growing economic nationalism after 2014 have gradually started to slow the trend of liberalization of international trade. Relations among certain national states have turned into trade wars – a hybrid phenomenon shaped at the intersection of geopolitics and geoeconomics. The paper explores global and regional trends in trade regulations introduced by the world's largest economies and, at the same time, its major military powers. The G20 countries’ role in these processes was illustrated through references to empirical data on the dynamics of the introduced trade regulations in 2009–2018. The effectiveness of the regulations index is proposed. Apart from the harm that deepening such negative trends in the global geostrategic balance does to broader bilateral relations, the role of trade wars in re-shaping globalization's established conditions is also discussed.

Journal

Miscellanea Geographicade Gruyter

Published: Apr 1, 2021

Keywords: Geoeconomics; geopolitics; globalization; G20; trade wars

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