What is Deglobalization? | From A Business Professor

Hello everyone, welcome to Business School 1o1. Deglobalization refers to a trend or process where there is a reduction in the interconnectedness among countries, particularly in terms of economic and trade relations. It can manifest in various ways, including increased trade barriers like tariffs and quotas, reduced foreign direct investment, localization of global supply chains, increased regulation, and heightened geopolitical tensions. So, why is it happening? What are its costs and potential benefits? How should we understand it? In this video, I will discuss these questions with you.

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