ArticleOpen Access http://dx.doi.org/10.26855/ept.2024.12.008
Study on the In-depth Reasons and Mechanisms of Globalization and Anti-globalization
Yisha Ma*, Barjoyai Bin Bardai
Malaysia University of Science and Technology, Petaling Jaya 47810, Selangor, Malaysia.
*Corresponding author: Yisha Ma
Published: December 5,2024
Abstract
Since the 2008 financial crisis, the U.S. economy has weakened, and global growth has been sluggish. As the world's leading country, the United States has used many methods to restore the economy. However, there are many issues in developed countries such as domestic social, economic, including socioeconomic issues and immigration debates persistent domestic challenges. Developed countries have entered a dilemma. The neoliberal financial system has been unable to move forward. Populists have pointed out that those problems have increasingly attributed such problems to globalization. Under the leadership of the Brexit Referendum, President Trump has caused a wave of anti-globalization. Under a series of systems such as the China-US trade war and the US-Mexico border wall repairs, the anti-globalization trend is getting stronger. This article mainly analyzes the in-depth reasons and mechanism research of globalization and anti-globalization alternately, based on data obtained from an international methodological performance study. The results show that anti-globalization is temporary, along with globalization. There are three main factors affecting globalization: the situation of the dominant country, natural disasters, and wars. After so much literature review, I believe that the United States' globalization is gradually weakening, and globalization may return to regionalization under the United States' opposition.
Keywords
Anti-globalization; economic globalization; US-dominated globalization
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How to cite this paper
Study on the In-depth Reasons and Mechanisms of Globalization and Anti-globalization
How to cite this paper: Yisha Ma, Barjoyai Bin Bardai. (2024) Study on the In-depth Reasons and Mechanisms of Globalization and Anti-globalization. Economic Perspectives and Trends, 1(1), 33-38.
DOI: http://dx.doi.org/10.26855/ept.2024.12.008