Download This PaperGeopolitics, the End of Globalization?
9 Pages Posted: 6 May 2025
Date Written: February 28, 2025
Abstract
Economies of scale are a major force towards concentration of production and the emergence of market power. In a geopolitical context large firms not only exert market power but can be instrumentalized for political purposes by autocratic leaders. This note argues that under such conditions decentralized trade is not likely to generate efficient outcomes.
Keywords: geopolitical risk, globalization, competition, market power, strategic risk JEL classification: E02, F11, F12, D51, P00
JEL Classification: E02, F11, F12, D51, P00
Suggested Citation: Suggested Citation
Gehrig, Thomas, Geopolitics, the End of Globalization? (February 28, 2025). Available at SSRN: https://ssrn.com/abstract=5206653 or http://dx.doi.org/10.2139/ssrn.5206653
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