Summary

From the 1990s onwards, economic relations between countries entered a new phase, known as hyperglobalization, characterized by rapid growth in cross-border flows of goods, services and capital. In addition, since the 2000s there has also been a surge in cross-border data flows. Another trend has been the increase in the proportion of migrants in the population of industrialized countries, even though their share in the world population held steady. Hyperglobalization is also characterized by the low presence of global public goods and international coordination mechanisms that would correct or reduce the tensions associated with this phenomenon.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Sustainable Cities and Communities