Crisis and de-globalization

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Center for the Analysis of Trade and economic Transitions (CATT)
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Crisis and de-globalization

Lacq Odysée Science Café - Oloron multimedia library.
"Meeting with..." - Lycée Paul Rey – Nay

Fabien CANDAU, Senior lecturer in Economic Sciences at CATT/UPPA

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Since the financial crisis in 2007/2008, international trade has plummeted, in proportions that exceed the decrease in national production.
Several determining factors were put forward to explain this new trend: less fragmentation of production at international level, credit rationing, changes in demand from certain countries. An observation of the historical developments in globalization in the run-up to the crisis and an analysis of the determining factors in the “de-globalization” phenomenon go some way to explaining the situation.