The end of an era for globalisation and what it means for EM trade

The period of sluggish EM export growth over the past few years is only partly linked to the weak state of global demand. Another key factor is that the wave of globalisation over the previous decade, which pushed up trade flows, has come to an end. As a result, even if global growth strengthens, EM exports will remain subdued relative to past standards.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.