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https://www.blog.invesco.us.com/is-globalization-over/

Is globalization over? – Expert Investment Views: Invesco Blog

2020-06-25 15:52:44, Meral Karasulu, PhD, Director of Fixed Income Research, Global Debt Team, source

Content Categorization
/Business & Industrial
/People & Society/Social Sciences

Word Count:
1551

Words/Sentence:
21

Reading Time:
15.51 min

Reading Quality:
Advanced

Readability:
16th or higher

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The globalization and export-oriented growth models

of many EMs have been credited as key contributors to rapid growth in per

capita incomes in EMs, especially following China's accession to the World

Trade Organization in 2001.

Here,

we define globalization narrowly to mean trade in goods and services and

suggest that the dramatic rise in global trade flows (especially manufactured goods)

witnessed over the past three decades may have reached its zenith.

Reinforced by a dramatic decline in

transportation and communications costs, the rise of global value chains (GVC) has

led to the segmentation of the manufacturing process in which production is

allocated to various countries based on cost minimization.

Increased trade tensions, especially between the US

and China, have shined the spotlight on the topic and raised the questions, "Is

the end of globalization at hand?"

In his role, he provides views on the economy, interest and exchange rates, and risk factors of the economies under his coverage.

Dr. Kisinbay joined Invesco in 2019 when the firm combined with OppenheimerFunds.

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