Retreating to deglobalisation: A study of some trends
- Bihar Journal of Public Administration
- 17(2 Prelude), Nov, 2020: p.311-320
The roots of the history of globalization are deeply rooted with human civilization and culture, reflected in trade through the silk route as its initial form. But after the industrial revaluation it has given a more permanent and effective from. In late 20th century, GAAT agreement paved the way of opening national borders for trade. Even communist countries could not keep all of and a new world economic order evolved, better known as globalization. India made economic reforms accordingly in 1991. Almost thirty hears have lapsed since then. Globalization seems to be saturated and the world has leaned towards retreat the views of skeptics school of scholarship on globalization seems to be turning into reality. As much the present paper seeks to throw light on the trends of denationalization. The post Covid-19 pandemic has facilitated the decline in trends of globalization.
Globalization, Delocalization, Bretton woods institutions, WTO, Protectionism, Trade war