Slowbalization After Global Financial Crisis

©iStock/Anna Shalygina

Globalization has seen ebbs and flows over the decades. According to the International Monetary Fund (IMF), the “Slowbalization” that followed the global financial crisis has been characterized by a prolonged slowdown in the pace of trade reform, and weakening political support for open trade amid rising geopolitical tensions.

As the Chart of the Week shows in this link, globalization plateaued in the decade and a half since the global financial crisis. This latest era is often referred to as “slowbalization.”