Institute of Economic Research
Topic
Fragmentation of the global economy and its impact on the EU and Slovak economies
PhD. program
Economics
Year of admission
2024
Name of the supervisor
prof. Ing. Juraj Sipko, PhD., MBA.
Contact:
Receiving school
Národohospodárska fakulta EU
Annotation
The geopolitical crisis led to a fragmentation of the global economy. This trend brought about geo-economic blocks. New technological, payment standards, including new developments in the international monetary and payment systems have been created. The fragmentation of the global economy has a significant impact on individual economies / countries. The current process of global fragmentation has led to growing trade restrictions and has had a very negative impact on the economy as a whole. These very negative trends caused technological decoupling, disrupted capital flows as well as have had unpredictable impacts on future international monetary and payment systems. All these negative developments have led to higher levels of costs. Since current humanity is living in turbulent times, and in a world of prone shocks, mutual and beneficial cooperation would be needed.