{"title":"Geopolitics and the global economy","authors":"Barry Eichengreen","doi":"10.1016/j.jimonfin.2024.103124","DOIUrl":null,"url":null,"abstract":"<div><p>Hyperglobalization is dead, but globalization is very much alive. It is being reshaped by loosening economic and financial links between the United States and China. The extent of their decoupling should not be exaggerated, however. The two economies remain deeply interdependent, and their interdependence is being preserved by a re-routing of trade and investment through third countries. Similarly, it is important not to exaggerate the impact on the international role of the dollar, if for no other reason that for the time being there is no viable alternative.</p></div>","PeriodicalId":48331,"journal":{"name":"Journal of International Money and Finance","volume":"146 ","pages":"Article 103124"},"PeriodicalIF":2.8000,"publicationDate":"2024-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Money and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0261560624001116","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
Hyperglobalization is dead, but globalization is very much alive. It is being reshaped by loosening economic and financial links between the United States and China. The extent of their decoupling should not be exaggerated, however. The two economies remain deeply interdependent, and their interdependence is being preserved by a re-routing of trade and investment through third countries. Similarly, it is important not to exaggerate the impact on the international role of the dollar, if for no other reason that for the time being there is no viable alternative.
期刊介绍：
Since its launch in 1982, Journal of International Money and Finance has built up a solid reputation as a high quality scholarly journal devoted to theoretical and empirical research in the fields of international monetary economics, international finance, and the rapidly developing overlap area between the two. Researchers in these areas, and financial market professionals too, pay attention to the articles that the journal publishes. Authors published in the journal are in the forefront of scholarly research on exchange rate behaviour, foreign exchange options, international capital markets, international monetary and fiscal policy, international transmission and related questions.
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