Exposing Challenges in the Age of „Slowbalization”

Abstract

Two major economic milestones of the last 20 years could be studied in the future, as the moments in which globalisation's unblemished path towards absolute global interconnection was cut short. The first one was the 2007-2008 global crisis, which marked the end of the generalised economic optimism that prevailed, mainly in the West, after the fall of the Berlin Wall. The second is the China-US trade war, which began in 2018 and was the most iconic demonstration of the emergence of political forces eager for a return to greater protectionism and greater strategic decision-making power of the states over deregulation, which seemed like an unquestioned economic dogma.