1. Home
  2. Studies
  3. Globalisation under pressure?: How current megatrends shape the patters of international trade, capital flows and technology diffusion
Michael Hüther / Matthias Diermeier in Ernest Gnan / Christoph Schneider / Claudia Stowasser (Hg.) Schwerpunkt Außenwirtschaft 2021/2022 External Publication 4. July 2022 Globalisation under pressure?: How current megatrends shape the patters of international trade, capital flows and technology diffusion

Deglobalisation, digitalisation, decarbonisation, and demographic change have already left their mark on the global economy. In the future the multiple transformations that the international patterns of specialisation undergo are likely to accelerate as the four megatrends mature and unfold their true disruptive potential.

Download PDF
External Publication
How current megatrends shape the patters of international trade, capital flows and technology diffusion
Michael Hüther / Matthias Diermeier in Ernest Gnan / Christoph Schneider / Claudia Stowasser (Hg.) Schwerpunkt Außenwirtschaft 2021/2022 External Publication 4. July 2022

Globalisation under pressure?: How current megatrends shape the patters of international trade, capital flows and technology diffusion

German Economic Institute (IW) German Economic Institute (IW)

Deglobalisation, digitalisation, decarbonisation, and demographic change have already left their mark on the global economy. In the future the multiple transformations that the international patterns of specialisation undergo are likely to accelerate as the four megatrends mature and unfold their true disruptive potential.

Whereas deglobalisation operates through the pandemic as well as through the global power competition – currently through the Russian invasion in Ukraine – triggering decoupling as well as supply chain reorganisation, digitalisation is likely to result in new economies of scale in investment capital but also in a further divergence of capital flows into the direction of the global North. The politically initiated decarbonisation clearly intents to steer capital flows into green investment projects while incentivizing technological innovations. Finally, the demographic change affects the relationship between interest and growth rates and shapes patterns of migration as well as of urbanisation. The sheer population density as reflected in the growth of mega cities does not necessarily constitute an advantage in international competition anymore. Superstar cities will rather be founded on the ground of very specific preconditions that attract people with a highly specialised human capital formation

Download PDF
External Publication
How current megatrends shape the patters of international trade, capital flows and technology diffusion
Michael Hüther / Matthias Diermeier in Ernest Gnan / Christoph Schneider / Claudia Stowasser (Hg.) Schwerpunkt Außenwirtschaft 2021/2022 External Publication 4. July 2022

Globalisation under pressure?: How current megatrends shape the patters of international trade, capital flows and technology diffusion

German Economic Institute (IW) German Economic Institute (IW)

More on the topic

Read the article
Christian Rusche in CPI Antitrust Chronicle External Publication 26. February 2024

Theories of Harm Because of Data

While digital platforms become more and more important for the whole society as well as the economy, regulatory reactions are also discussed and implemented.

IW

Read the article
Jan Büchel / Dennis Bakalis / Marc Scheufen Expertise 27. December 2023

Digitalisation Index 2023: Digitalisation of the economy in Germany

The digitalisation of the economy in Germany continues to stagnate in 2023: the digitalisation index score is 108.6 points in 2023 compared to 110.5 points in 2022. After the sharp rise in 2021, the development of digitalisation since then can be described as ...

IW

More about this topic

Content element with id 8880 Content element with id 9713