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Deglobalisation
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Deglobalisation
Definition
Deglobalization is the process where countries reduce their reliance on international trade and global interactions.
It's the "opposite" of Globalisation.
What do you think?
Is deglobalisation a necessary step for countries to protect their interests, or does it hinder global progress by limiting collaboration and understanding between nations?
Current Events
- Industry Experts Discuss Challenges in Volatile Times at WHU (16-17th March)
- More people are doubting globalization
--> Especially during the Corona period
Reasons & Impacts
Reasons & Impacts
- Reduced International Trade: Decrease in cross-border trade activities
- Emphasis on preserving cultural identity against global influences
- Environmental Concerns: Promotion of localized production to reduce environmental impact
positive impacts
- Local Economic Growth: Focus on local markets can boost regional economies and small businesses
- Cultural Preservation: Protection of local traditions and heritage against global cultural homogenization
- Environmental Benefits: Reduced carbon footprint due to shorter supply chains and decreased long-distance transportation
negative impacts
- Reduced International Trade: Decline in global commerce and exchange of goods and services
- Job Losses: Industries relying heavily on international trade may face unemployment and layoffs
- Geopolitical Tensions: Strained international relations due to trade conflicts and protectionist policies
Challenges
- Resistance from Multinational Companies: Large corporations heavily reliant on international markets might resist deglobalization measures due to potential impacts on their business models
- Technological Hurdles: industries might have internationally shared technologies or skills, complicating a shift back to local production
- Risk of Trade Wars: might spark trade wars if affected countries retaliate, endangering global economic
stability
My
My Opinion
- Deglobalization is not possible without tyranny --> I don't support it
- Ecological progress is also possible in other ways
- We depend on worldly trade and progress
Deglobalisation- Overall
Definition: Deglobalization is the process where countries reduce their reliance on international trade and global interactions
Impacts:
-Culteral Preservation
-Local Economic Growth
-Reduced International Trade
-Geopolitical tensions
Reasons:
-Decrease in cross-border trade activities
-Preserving cultural identity
Challenges:
-Risk of Trade Wars
-Technological Hurdles
-Resistance from Multinational Companies
What do you think now?
Is deglobalisation a necessary step for countries to protect their interests, or does it hinder global progress by limiting collaboration and understanding between nations?
Sources
https://www.wortbedeutung.info/Deglobalisierung/
https://utopia.de/ratgeber/deglobalisierung-was-spricht-dafuer-was-dagegen/
https://www.boeckler.de/de/boeckler-impuls-nach-corona-kommt-die-deglobalisierung-30379.html
https://www.whu.edu/de/magazin/whu-allgemein/welche-folgen-hat-die-deglobalisierung-von-lieferketten/
https://de.statista.com/statistik/daten/studie/37123/umfrage/weltweites-tourismusaufkommen-nach-reiseankuenften-seit-1950/
https://i.redd.it/836odnfpt7741.jpg
https://www.wellington.com/de-de/professionelle-anleger/alle-insights/auswirkungen-deglobalisierung-entschlusseln
https://static.vecteezy.com/system/resources/previews/000/691/404/non_2x/business-progress-challenge-illustration-vector.jpg
https://thumbs.dreamstime.com/b/gesch%C3%A4ftsmann-als-bettler-37449348.jpg
https://img-aws.ehowcdn.com/877x500p/s3-us-west-1.amazonaws.com/contentlab.studiod/getty/3b6d16060c424d40bd933384d5ca724d.jpg
https://static.wixstatic.com/media/df0cc9_5647c887cd8b40a9947351504d10e859~mv2.jpg/v1/fit/w_612%2Ch_612%2Cal_c%2Cq_80/file.jpg