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Küreselleşmeden Uzaklaşma Ekonomik Büyümeyi Nasıl Etkiler?

Year 2023, , 1 - 19, 31.03.2023
https://doi.org/10.30784/epfad.1255549

Abstract

Mevcut küresel düzen, ABD-Çin ticaret savaşı, Avrupa Birliği’ndeki dağılma, mülteci krizi ve son olarak pandemi gibi bir dizi faktör ile küreselleşme sürecinin yavaşladığını göstermektedir. Ancak bu durum geçmişte de yaşanmıştır (örneğin sömürgeleştirme, Büyük Buhran, Soğuk Savaş). Dünya bazı dönemlerde küreselleşirken (Küreselleşme I, II ve III), bazı dönemlerde küreselleşmeden uzaklaşmıştır (Küreselleşmeden Uzaklaşma I ve II). İçinde bulunduğumuz on yılın küreselleşmeden çıkıp çıkmadığı ve bunun etkileri üzerine tartışmalar bulunmaktadır. Bu argümanlar ışığında bu çalışma, 2000-2019 dönemi için 34 OECD ülkesinde küreselleşmeden uzaklaşmanın ekonomik büyüme üzerindeki etkilerini çeşitli boyutlarıyla incelemeyi amaçlamaktadır. Panel veri analizi sonuçları, ticari ve sosyal küreselleşmeden uzaklaşmanın ekonomik büyümeyi olumsuz yönde etkilediğini, finansal küreselleşmeden uzaklaşmanın ve sosyal küreselleşmeden uzaklaşmanın alt boyutlarının ise olumlu yönde etkilediğini göstermektedir. Ek olarak, çalışma, politik küreselleşmenin ekonomik büyüme ile anlamlı bir şekilde ilişkili olmadığını ortaya koymakta ve ulaşılan bulgular, küreselleşmenin mevcut durumu ve bunun ekonomik kalkınma üzerindeki etkileri hakkında devam eden tartışmalara katkıda bulunmaktadır.

Supporting Institution

Anadolu Üniverstesi BAP

Project Number

2207E131

References

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How Does Deglobalization Affect Economic Growth?

Year 2023, , 1 - 19, 31.03.2023
https://doi.org/10.30784/epfad.1255549

Abstract

The current global landscape has been marked by a series of factors, such as the US-China trade war, disintegration in the European Union (EU), the refugee crisis, and the pandemic, which have impeded the process of globalization. However, similar situations have been experienced in the past, such as colonization, the Great Depression, and the Cold War. The world has experienced periods of globalization (Globalization I, II, and III) as well as periods of deglobalization (Deglobalization I and II). There have been discussions about whether the current decade is experiencing deglobalization and its effects. In this context, the present study aims to investigate the effects of deglobalization on economic growth in 34 OECD countries during the period 2000-2019, in various dimensions. Using panel data analysis, the results indicate that trade and social deglobalization have a negative impact on economic growth, while financial deglobalization and the subdimensions of social deglobalization have a positive influence on growth. Additionally, the study reveals that political globalization is not significantly associated with economic growth. These findings contribute to the ongoing debate on the current state of globalization and its effects on economic development.

Project Number

2207E131

References

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  • Alesina, A., Spolaore, E. and Wacziarg, R. (2000). Economic integration and political disintegration. American Economic Review, 90(5), 1276–1296. https://doi.org/10.1257/AER.90.5.1276
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  • Apergis, N. and Poufinas, T. (2020). The role of insurance growth in economic growth: Fresh evidence from a panel of OECD countries. The North American Journal of Economics and Finance, 53, 101217. https://doi.org/10.1016/J.NAJEF.2020.101217
  • Barone, B. and Bendini, R. (2015). Protectionism in the G20. Retrieved from https://www.europarl.europa.eu/RegData/etudes/STUD/2015/549028/EXPO_STU(2015)549028_EN.pdf
  • Bataka, H. (2019). De jure, De facto globalization and economic growth in Sub-Saharan Africa. Journal of Economic Integration, 34(1), 133–158. Retrieved from https://www.jstor.org/
  • Bell, A. and Jones, K. (2015). Explaining fixed effects: Random effects modeling of time-series cross-sectional and panel data. Political Science Research and Methods, 3(1), 133–153. https://doi.org/10.1017/PSRM.2014.7
  • Bello, W. (2004). Deglobalization: Ideas for a new world economy. London: Zed Books.
  • Chang, C.P. and Lee, C.C. (2010). Globalization and economic growth: A political economy analysis for OECD countries. Perspectives on East Asian Economies and Industries, 39(2), 151–173. https://doi.org/10.1080/1226508X.2010.483835
  • Choi, W.J. and Pyun, J.H. (2019). Catching up by deglobalization: Capital account policy and economic growth (SSRN Working Paper No. 3516385). https://doi.org/10.2139/SSRN.3516385
  • Clemens, M.A. and Williamson, J.G. (2004). Why did the tariff-growth correlation change after 1950? Journal of Economic Growth, 9(1), 5–46. https://doi.org/10.1023/B:JOEG.0000023015.44856.a9
  • Dollar, D. (2005). Globalization, poverty, and inequality since 1980. The World Bank Research Observer, 20(2), 145-175. https://doi.org/10.1093/wbro/lki008
  • Dreher, A. (2006). Does globalization affect growth? Evidence from a new index of globalization. Applied Economics, 38(10), 1091–1110. https://doi.org/10.1080/00036840500392078
  • Fischer, S. (1998). Capital account liberalization and the role of the IMF (Essay in International Finance No. 207). Retrieved from https://ies.princeton.edu/pdf/E207.pdf
  • Guo, M., Lu, L., Sheng, L. and Yu, M. (2018). The day after tomorrow: Evaluating the burden of Trump’s trade war. Asian Economic Papers, 17(1), 101–120. https://doi.org/10.1162/asep_a_00592
  • Gurgul, H. and Lach, L. (2014). Globalization and economic growth: Evidence from two decades of transition in CEE. Economic Modelling, 36, 99–107. https://doi.org/10.1016/J.ECONMOD.2013.09.022
  • Guttal, S. (2007). Globalisation. Development in Practice, 17(4-5), 523–531. https://doi.org/10.1080/09614520701469492
  • Gygli, S., Haelg, F., Potrafke, N. and Sturm, J.-E. (2019). The KOF globalisation index – revisited. The Review of International Organizations, 14(3), 543–574. https://doi.org/10.1007/s11558-019-09344-2
  • Harpold, T. and Philip, K. (2000). Of bugs and rats: Cyber-cleanliness, cyber-squalor, and the fantasy-spaces of informational globalization. Postmodern Culture, 11(1), 1–21. https://doi.org/10.1353/PMC.2000.0033
  • Hasan, M.A. (2019). Does globalization accelerate economic growth? South Asian experience using panel data. Journal of Economic Structures, 8(1), 26. https://doi.org/10.1186/s40008-019-0159-x
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  • Hillman, A.L. (2005). Globalization and the political economy of international trade policy. In S. Jayasuriya (Ed.), Trade policy reforms and development: Essays in honour of Peter Lloyd: Vol.II (pp. 3–22). Cheltenham: Edward Elgar Publishing. https://doi.org/10.4337/9781845425654.00007
  • Hoekman, B.M. (2015). The global trade slowdown: A new normal? UK: CEPR Press.
  • Hübler, M. and Herdecke, A. (2020). The US trade dispute: Blunt offense or rational strategy? Applied Economics Letters, 27(9), 690–696. https://doi.org/10.1080/13504851.2019.1644428
  • ICAEW. (2020). Shifting trends in global trade. Retrieved from https://www.icaew.com/insights/quarterly/quarterly-issue4/shifting-trends-in-global-trade
  • Ikpesu, F., Vincent, O., Dakare, O. and Nsiah, C. (2019). Growth effect of trade and investment in Sub-Saharan Africa countries: Empirical insight from panel corrected standard error (PCSE) technique. Cogent Economics and Finance, 7(1), 1607127. https://doi.org/10.1080/23322039.2019.1607127
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There are 82 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Makaleler
Authors

Deniz Sevinç 0000-0002-6223-9450

Alp Polat 0000-0002-5472-5686

Tuba Sevil 0000-0002-6732-6924

Güven Sevil 0000-0001-7592-3799

Project Number 2207E131
Publication Date March 31, 2023
Acceptance Date March 20, 2023
Published in Issue Year 2023

Cite

APA Sevinç, D., Polat, A., Sevil, T., Sevil, G. (2023). How Does Deglobalization Affect Economic Growth?. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 8(1), 1-19. https://doi.org/10.30784/epfad.1255549