Re-globalization

What do you understand by the term “Re-globalization”?

Answer: Re-globalization refers to the process of revitalizing or reinvigorating global economic and social integration, often after a period of increased protectionism, nationalism, or deglobalization.

Enrich your learning:

About Re-globalization:

• Re-globalization is the process of revitalizing or reinvigorating global economic and social integration, often after a period of increased protectionism, nationalism, or deglobalization.
• It involves the re-establishment or strengthening of international cooperation, trade, investment, and cultural exchange.
• Focus on addressing global challenges and pursuing mutual benefits.
• It typically involves efforts to reverse or mitigate the effects of deglobalization occurred in the past.
  • This includes factors such as trade wars, anti–globalization sentiments, and nationalist movements.
• It can also include the development of new approaches to address contemporary global issues while promoting interconnectedness among nations and regions.
• It also includes promotion of international trade and economic integration by the removal of trade barriers, the negotiation of new trade agreements, and the facilitation of investment and technology transfer across borders.
• It also encompasses cultural exchange and people-to-people interactions.