Neo-Globalization: Premises, Processes and the Future | Zendy

M. S. S. El Namaki | Zendy

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Neo-Globalization: Premises, Processes and the Future

Author(s) -

M. S. S. El Namaki

Publication year - 2017

Publication title -

scholedge international journal of business policy and governance issn 2394-3351

Language(s) - English

Resource type - Journals

ISSN - 2394-3351

DOI - 10.19085/journal.sijbpg040701

Subject(s) - globalization , deregulation , brexit , politics , china , economic integration , economic globalization , economics , government (linguistics) , international trade , economic policy , market economy , international economics , business , political science , european union , linguistics , philosophy , law

Globalization, or the worldwide movement towards a high measure of economic, financial, trade, technology and communications integration, is a concept in need of an overhaul. The roots which have rested largely on President Reagan’s economic policy foundations of the early 80’s are wearing off. Free market, deregulation, income and wealth tax cut, reduced government spending and tight fiscal and monetary policies are challenged by events and disruptions. Economic growth vehicles are shifting away from manufacturing and services and locus of economic activity is moving towards China and its environs. Progression towards protective politics in the United States as much as the adoption of Brexit in Britain have hastened the blur.

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