De-Globalization

Wild Card submitted by Ivan Montenegro Perini   / Comments (0)
De-Globalization

Issue (WIWE) status: Submitted, Unpublished

Wild Card's progress: Basic

This Wild Card came from: 
Interviews

The source of this Wild Card: 
Johannes WARTH,ZWE – Centre for European Economic Research, INterviewed by Z_Punkt

Likelihood timeframe and scenario features : 
now-2025

Wild Card's description: 

According to him: "I can imagine that there are increasing tendencies towards a turning back of current globalization patterns, particularly regarding global trade volumes. In this wild card scenario, a growing share of consumers will increasingly demand local goods and services, due to an increased awareness of sustainable production and logistics. Therefore, consumers are even willing to pay a higher price for regionally produced goods and services. At first sight this wild card does not appear to be wild at all, because one can already observe such tendencies today. But I think, that de-globalization will lead to certain effects and dramatic changes that possess the characteristics of a wild card".

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