As a consequence, they conclude, the world economy, though ever more integrated in terms of trade, is becoming ever more regionalized and in that sense, less globalized (Hay 2005, 2004; Hirst and Thompson 1999).
As a consequence,they conclude, the world economy, though ever more integrated in terms of trade, isbecoming ever more regionalized and in that sense, less globalized (Hay 2005, 2004;Hirst and Thompson 1999).