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A Critical Discussion on the Reasons and Impacts of International Decoupling

Year: 2023

Type: article

Abstract: In the current economic policy debate, there are often calls to reverse advanced developments in globalisation and the international division of labour. Reasons such as greater business resilience, political independence and, from a climate perspective, less harmful production argue for not abolishing trade, but at least bundling a larger part of the value chain locally. However, such considerations are de facto made from the perspective of a highly developed and globally networked industrialised country. In contrast, this paper argues that trade activities can never be considered from the perspective of only one partner, but must always take into account the needs of all stakeholders, which in turn depend on the respective level of development.

Source: Intereconomics

DOI: 10.2478/ie-2023-0019

Authors: Florian Bartholomae, Chang Woon Nam

Institutions: Munich Business School, Universität der Bundeswehr München, Ifo Institute for Economic Research, University of Applied Management

Language: English

Topic: Global trade, sustainability, and social impact

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,690