It is that branch of the macroeconomic economy whose mission is to address all the economic actions that a country maintains with the rest of the countries and that can be of a different nature such as: commercial, financial, tourist and technological.
Published in Chapter:
Critical Analysis of the World Economy and Deglobalization Processes in Times of Pandemic
José G. Vargas-Hernández (University Center for Economic and Managerial Sciences, University of Guadalajara, Mexico)
Copyright: © 2021
|Pages: 22
DOI: 10.4018/978-1-7998-8314-2.ch001
Abstract
This chapter aims to critically analyze both the world economy and the deglobalization processes under the assumption that they are the result of a dialectical evolution of economic, financial, political, and sanitary crises. This dialectical movement of the history of the globalization and deglobalization processes is always a very complex phenomena of interactions between the economic agents and political actors, leading to both progressive and regressive events of economic growth, social development, and environmental sustainability. After a period of intensive economic, trade, and financial integration in the creation of a world economy system, suddenly the economic, financial, and sanitary dysfunctionalities emerged at the interior and created a reactive deglobalization process. However, what has been at the center are the international cooperation and trade relations determined by the need to expand the possibilities of satisfying human needs, including culture.