The Weaponisation of Economics | Figure for Introduction
War by Other Means? Geoeconomics in the 21st Century
GRAPH: The “globalisation has peaked” lazy narrative
Richard Baldwin’s calculations based on WTO (trade data) and WDI database (GDP data, current USDs) / VoxEU.org. For the author, the ‘globalisation has peaked’ narrative is overly simplistic. Of the four largest traders in the world, one peaked well before 2008, while two peaked well after. The world’s largest trader – the EU – did not peak, even if its trade-to-GDP ratio has not risen for a decade.
