Brexit dealy will not postpone deglobalizaiton
Many associate Brexit and the Trumpian trade wars with the start of a new phase of deglobalization. This column argues that we should view them as symptoms rather than causes, as the world had already started to fundamentally change before either came on the horizon. Neither the delay to Brexit nor the extended pause in the US–China tariff war means that the risks of deglobalization have diminished.
In this article on the VOX CEPR policy portal, Peter van Bergeijk, professor of International Economics and Macroeconomics at the International Institute of Social Studies, argues that Brexit is a symptom rather than a cause of a new phase in globalization.
He argues that it is pertinent to rethink global economic governance and make it resistant to deglobalization.