Theme, Keynote, Journal

Theme

Tensions within Globalisation

Subject

There have been large disruptions or, at least, changing trends in global trade and finance, due to various kinds of shocks, such as transnational terrorism, populism, the COVID-19 pandemic, natural disasters, and Russia’s invasion of Ukraine. The disruptions are multifaceted: surge in transportation costs, increase in global protectionism, bottlenecks in global supply chains, restrictions on trade and investment caused by economic sanctions and counter-sanctions, large swings in commodity prices, massive flows of refugees, new national FDI screening regimes, heightened capital flow volatility, growing global imbalances, sharp fluctuations in foreign exchange markets, resurgence of FX interventions, rebound in currency manipulation… What are the consequences of such developments? What are the prospects for global trade and finance? What are the policy challenges? What are the implications for fiscal, monetary, trade, financial, environmental or migration policies?

Topics could cover issues such as:

- A new (post-pandemic, post-war) era for globalisation?

- Economies’ vulnerability to commodity shocks

- Central bank reserves management in time of tensions

- Exchange-rate evolution in turbulent periods

- Climate change, natural disasters, and economic policies

- Global lending conditions in challenging times

- New trends in official financial flows

- Disasters and migration flows

- Effects of economic sanctions

- Fiscal policy responses to crises

Keynote speaker

Christoph TREBESCH (Kiel Institute for the World Economy and Kiel University)

Special issue

Selected papers will be considered for publication in a special issue of Open Economies Review. Here is the updated call for submissions to this special issue.