Abstract
This article contests the idea that the world has entered a post-globalization era. It argues that rapid globalization has evolved rather than ended. Even though the global goods trade-to-GDP ratio reached its zenith 15 years ago, the rapid rise of services trade has persisted and now accounts for one-fifth of international commerce. The paper makes a statistical and logical case that the future of trade lies in services trade—especially trade in intermediate services.
| Original language | English |
|---|---|
| Pages (from-to) | 18-37 |
| Number of pages | 20 |
| Journal | Asian Economic Policy Review |
| Volume | 19 |
| Issue number | 1 |
| Early online date | 10 Oct 2023 |
| DOIs | |
| Publication status | Published - Jan 2024 |
Bibliographical note
Copyright © 2023 The Authors. Asian Economic Policy Review published by John Wiley & Sons Australia, Ltd on behalf of Japan Center for Economic Research. This is an open access article published under the terms of the Creative Commons Attribution License [https://creativecommons.org/licenses/by/4.0/], which permits use, distribution and reproduction in any medium, provided the original work is properly cited.Keywords
- F10
- F13
- F15
- F60
- deglobalization
- intermediate services
- intermediate trade
- service-led development
- services trade