Following the trade collapse in 2009, Globalization has recovered but the growth rate slowed down compared to the … preceding period of Hyper Globalization. The persistence of this slowdown is remarkable. We argue that increased awareness of …, while remaining tractable. From an empirical point of view, the model explains both, the period of Hyper Globalization and …

The world economy has become more and more globalized as firms have organized production along global value chains. But … more recently, globalization has stalled. This paper shows that higher uncertainty, in combination with better automation … developing world. Moreover, we show that results are robust to the main threats to identification related to shift …

intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply …