Slowbalizing, newbalizing — Goldman Sachs sees a lot going on with the global economic order right now
Goldman Sachs is dredging up some old new terms in a bid to accurately describe a changing global economic order.
... Goldman Sachs is dredging up some old new terms in a bid to accurately describe a changing global economic order. They say so-called slowbalization — slowing growth in cross-border movement —- better describes trends for goods, capital and people over the past 10 to 15 years than does deglobalization.
And exports of computers and communication services as a share of GDP are steadily gaining, while cross-border flows have climbed. In Hatzius’s view, deglobalization — outright declines in cross-border flows and stocks — is simply less accurate.
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