Policy Brief #2020/05 Globalization Report 2020

The outbreak of the coronavirus pandemic is throwing the global division of labor off track. Exports collapse, while deliveries of urgently required products from abroad are delayed or may not come through at all. As a result, globalization is increasingly classified as a risk. Slowing or even reducing globalization would come at a high price. Our Globalization Report 2020 shows that advancing globalization has increased material prosperity at the macroeconomic level, in particular in industrialized countries, between 1990 and 2018.