DEGLOBALIZATION AND ITS FINANCIAL IMPLICATIONS: A THEORETICAL PERSPECTIVE

STEFANOVA, Julia Stoyancheva

doi:10.65672/jfme.2025.1.14

DEGLOBALIZATION AND ITS FINANCIAL IMPLICATIONS: A THEORETICAL PERSPECTIVE

Authors

STEFANOVA, Julia Stoyancheva — Economic Research Institute at the Bulgarian Academy of Sciences, 3, Aksakov Street, Bulgaria, Sofia

Landing page: https://www.icfm.ro/jfme.icfm.ro/articles/vol13i1p156-164.html

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DOI: 10.65672/jfme.2025.1.14

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Abstract

The slowdown in globalization after the Global Financial Crisis in 2008 and the sovereign debt crisis in the Eurozone, especially after 2015, is due to deep structural transformations in the international economy and finance, increasing trade protectionism, growing regulatory burdens, and geopolitical instability. The report systematizes, from a theoretical point of view, the main driving forces behind the slowdown in globalization, the waves of globalization and deglobalization in the world economy, and the possible financial consequences of deglobalization. The analyzed theoretical aspects of deglobalization point to an intensification of the role of state intervention with negative consequences for the process of financial integration, with a refocusing of financial operations on local capital markets.

JEL Classification

F40, F66, G19

Keywords

financial deglobalization, trade protectionism, capital markets

How to cite

STEFANOVA, Julia Stoyancheva (2025). DEGLOBALIZATION AND ITS FINANCIAL IMPLICATIONS: A THEORETICAL PERSPECTIVE. Journal of Financial Management and Economics, 13(1), 156-164. DOI: 10.65672/jfme.2025.1.14.

RePEc record

Handle: Repec:vls:rojfme:v:13:y:2025:i:1:p:156-164