Carlos Galindo - 64161351

Coyuntura Internacional

Economic globalization in the global post-crisis of 2008: limits and

deadlocks

The article mainly begins introducing on the diverse problems that have come
presenting throughout the time after the great stumbling block that had the economy in
2008, the author begins making an analysis of the economic globalization in a period of
time of 2008-2017, to develop throughout the text the process of stagnation that this
same one is presenting during this temporary lapse starting from national economies for
the elaboration of an international approach in the case.

This text in its development tries to make it understood that this stagnation in a certain
way could be presented as a problem that would delay the economic development of a
country since it can directly affect the delays in national policies for such progress
generating certain types of internal impacts which can be reflected externally.

The analysis proposed in the first part of the article develops the idea of how an abrupt
change has been seen from a decade of acceleration to a decade of stagnation, trying to
understand economic globalization from its three pillars mentioned in the reading;
commercial, productive and financial globalization, since they are seen as the various
dimensions by which we can observe this phenomenon. From which two time lapses on
the chronology are analyzed starting from a stage after the industrial revolution until the
beginning of the Cold War and from 1990 that a great growth is evidenced in the
international economic relations allowing the arrival of multinational companies, an
easier practice of the foreign trade and some international investments in the long term,
until 2008 where everything began to fall.

It should be noted that stagnation does not require a fall of the economy, but rather
maintains a percentage stability over time, which is discussed below giving as a
possible cause the commercial-economic practice of emerging economies, since this
mainly moved with long-term investment scenarios increasing more debt is generating a
delay in accelerating the economy, capital controls were eliminated in them generating
large capital openings significantly increasing foreign investment in the short term.

In the second part of the text it can be seen that this stagnation has to do with foreign
flows because as it is a remarkable income in a long period of time, it is compensated
with the declines that this has had during the expectation of such flow, for this reason is
Carlos Galindo - 64161351
Coyuntura Internacional

that the economy does not register a remarkable growth but a process that maintains its
alternative economy, since it is not going to go down, but neither is going to go up. This
new phase of stagnation in international economic flows generates problems in the
economy generating a slowdown in trade growth specifically as mentioned in the text
since 2012 showing the weakness of economic activity that was presented thanks to
long-term investment growth and short-term financial capital.

That is why this topic has been expanding over time in the international scene, as these
repercussions directly affect the large economies by promoting different forums and
projects to begin to revive the economy through various trade strategies such as tariff
reductions, the proposals put forward by the G20, this topic has become a certain way as
a systematic factor that has been tried to control with the time always bearing in mind
the various trade institutions that have faced the fear and have made this phenomenon of
globalization a very important issue on the international agenda.