Why does globalization remain sluggish even as indicators of technological integration — the number of Internet hosts, online users, and secure servers — continue to grow exponentially? The data from our broad spectrum of developed and developing markets suggest that global economic integration has wound down to something of a crawl. The drop in total trade to and from the 50 countries surveyed weighs particularly heavy in this slowdown. The chief culprit was the series of financial crises that rippled through Southeast Asia, Latin America, and Russia in the late 1990s. Strong growth in portfolio investments and foreign direct investment helped to moderate these declines, and the value of world trade has rebounded since 1999. As a result, we see a situation in which economic globalization slowed even as technological globalization continued at a rapid clip.
Due to the series of financial crises that rippled through Southeast Asia, Latin America, and Russia and the drop in trade in the late 1990s, economic globalization remains sluggish even as technological globalization continues at a rapid clip.
由于影响波及东南亚、拉美和俄罗斯的一系列金融危机,以及由于二十世纪九十年代后期贸易的下降,虽然技术的全球化在继续快速增长,经济全球化仍然进展缓慢。