Deglobalization

 The AEPR Conference on “Deglobalization” was held online on April 14, inviting experts from Japan and abroad. Globalization has been progressing, with the integration and development of markets, production, and other economic activities around the world, transcending national and regional boundaries. However, due to the U.S.-China conflict and Russia’s invasion of Ukraine, there have been different moves from globalization. At the conference, there was a lively exchange of views on power shift in the global financial system, latest trends of trade in intermediate services, the effects of the WTO on deglobalization and recent changes in supply chains in Asia. The papers submitted to the conference will be revised and edited based on the content of the conference and published in January 2024.

Articles under consideration to be published in this issue (Working Paper)

Editors’ Overview
　Takatoshi ITO (Columbia University)
　Kazumasa IWATA (Japan Center for Economic Research)
　Colin MCKENZIE (Keio University)
　Shujiro URATA (Waseda University)

International Finance and Geopolitics
Barry Eichengreen (UC Berkeley)

Implications of Deglobalization on Energy and Carbon Neutrality in Asia and the Pacific Region
Toshi H. Arimura (Waseda University)
Makoto Sugino (Hosei University)

Deconstructing Deglobalisation: The Future of Trade is in Intermediate Services
Richard Baldwin (Graduate Institute of International and Development Studies)
Rebecca Freeman (Bank of England and CEPR)
Angelos Theodorakopoulos (Aston Business School)

The WTO As a Bulwark Against Deglobalization
Simon Evenett (University of St Gallen)

Supply Chain Decoupling: Geopolitical Debates and Economic Dynamism in East Asia
Mitsuyo Ando (Keio University)
Kazunobu Hayakawa (IDE-JETRO)
Fukunari Kimura* (Keio University)