Is globalisation reversing? No, but it has lost dynamism, notably in the case of trade, the motor of global economic integration for decades. The question, however, is why trade’s growth has fallen. Is it because the world economy has slowed? Is it because of the exhaustion of certain opportunities? Or is it because of protectionism? The answer, suggests the International Monetary Fund in its latest World Economic Outlook , is “yes” to all three hypotheses, to varying degrees.
全球化正在逆轉嗎？沒有，但它失去了動力，尤其是從幾十年來充當全球經濟一體化引擎的貿易的角度來看。然而，問題在于，貿易增長為何放緩？是因為全球經濟放緩？因為某些機遇消耗殆盡？還是因為保護主義？
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