아프리카ㆍ중동
연구정보
[경제] Globalization and Global Crises: Rest of the World vs. Israel
이스라엘 국외연구자료 연구보고서 - NBER 발간일 : 2021-01-12 등록일 : 2021-04-10 원문링크
Post WWII globalization forces are facing headwinds in the form of global crises-the “The Great Recession” and the “The Pandemic Recession”. Israel’s trade and financial globalization, however, is steadily rising. The pandemic-induced slump in economic activity is deep, as consumer spending, investment spending, and export demand tumble. Central banks, tied down by the zero interest rate, resort to semi-fiscal expansionary policies. Indeed, the stabilization burden falls on fiscal policy. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of global crises, the Global Financial Crisis, and the Pandemic Crisis in changing globalization long-term trends. When the coronavirus hit, supply chains and production have been disrupted. However, the impact of the pandemic shock is not on the supply side only. On the demand side, the desire to invest has plunged, while people across the rich world are now saving much of their income. Would this short-term changes can reinforce the re-trending of the globalization, which is observed since the Global Financial Crisis? The paper focuses on globalization and provides comparative overview of experiences of the advanced economies and Israel.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [정책] Social Protection Amidst Social Upheaval: Examining the Impact of a Multi-F... | 2021-04-10 |
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| 다음글 | [경제] 2021 모로코 진출전략 | 2021-04-14 |
