Deglobalization Takes Center Stage as Economists Ponder Long-Term Consequences
The global economy is shifting towards deglobalization, marked by rising trade barriers and heightened geopolitical uncertainty. This change has sparked concern among scholars who are analyzing its long-run economic implications. A recent conference hosted by Stanford University brought together leading experts to explore how increased friction in international markets and the fragmentation of the global trading system will alter the trajectory of economic development and growth.
The event, held in partnership with the Becker Friedman Institute at the University of Chicago and the Federal Reserve Bank of Minneapolis, featured presentations of papers and a policy panel with leading experts and policymakers. The goal was to move beyond short-term adjustments and understand the structural shifts caused by reduced cross-country interactions.