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Book Global economy International trade

The State of Globalisation

The State of Globalisation brings together leading economists to examine how technology, policy, and geopolitics are simultaneously reshaping the global economy in unprecedented ways. Far from marking a simple retreat, today’s divergent forces are transforming cross-border trade, investment, and supply chains, generating both new risks of fragmentation and fresh opportunities for cooperation. Drawing on new research presented at a landmark conference, this volume explores how these drivers interact, the historical context that shapes them, and the pressing need for institutions to adapt to maintain an open and resilient global system.

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Baldwin, R and M Ruta (eds) (2025), ‘The State of Globalisation‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Baldwin, R and M Ruta (2025), ‘Introduction: Globalisation in flux‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Gopinath, G, P Gourinchas, A Presbitero and P Topalova (2025), ‘A new Cold War? How trade and investment linkages are changing‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Mulabdic, A and Y Yotov (2025), ‘The trade cost of geopolitical risks‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Li, N and R Zymek (2025), ‘Geoeconomic fragmentation in services? Evidence from a new database‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Freund, C, A Mattoo, A Mulabdic, M Ruta and K Wilczynska (2025), ‘Enduring dependence: De minimis, transshipment, and US-China trade‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Conteduca, F, M Mancini, G Romanini, S Giglioli, A Borin, M Attinasi, L Boeckelmann and B Meunier (2025), ‘Fragmentation and the future of global value chains‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Baquie, S, Y Huang, F Jaumotte, J Kim, R Machado Parente and S Pienknagura (2025), ‘Industrial policies: Handle with care‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Baba, C, R Giri, A Oeking and A Scott (2025), ‘Asia became the world’s factory – can it now be the world’s service hub?‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Mishra, P, L Rotunno, M Ruta, P Topalova and R Zymek (2025), ‘Policies to facilitate adjustment to globalisation‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Mattoo, A, M Ruta and R Staiger (2025), ‘Trade cooperation under geopolitical rivalry‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

Citation

Eichengreen, B (2025), ‘Globalisation, fragmentation, and the international monetary system‘, in Baldwin, R and M Ruta (eds), The State of Globalisation, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/state-globalisation

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The state of globalisation

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  • Global economy
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