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New Globalization and Energy Transition: Insights from Recent Global Developments

Author

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  • Dimos Chatzinikolaou

    (Department of Economics, Democritus University of Thrace, 69100 Komotini, Greece
    Knowledge Management, Innovation and Strategy Center (KISC), University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus)

  • Charis Michael Vlados

    (Department of Economics, Democritus University of Thrace, 69100 Komotini, Greece
    Knowledge Management, Innovation and Strategy Center (KISC), University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus
    School of Business, University of Nicosia, P.O. Box 24005, Nicosia CY-2417, Cyprus)

Abstract

This paper explores the combined impacts of certain geopolitical and geoeconomic shifts on the global energy transition, focusing on developments related to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) agreements. The New Globalization Scenario Matrix (NGSM) and a correlative SWOT analysis in transnational terms are utilized to understand and conceptualize potential future global trends in the emerging new globalization. Findings suggest that the examined contemporary global events may enhance the overall performance of the global system, thereby accelerating energy transitions. Consequently, a re-envisioned approach to the International Political Economy (IPE) of energy is proposed, blending repositioned realism and liberalism to foster a realistic and innovative new global liberalism.

Suggested Citation

  • Dimos Chatzinikolaou & Charis Michael Vlados, 2024. "New Globalization and Energy Transition: Insights from Recent Global Developments," Societies, MDPI, vol. 14(9), pages 1-21, August.
    • Handle: RePEc:gam:jsoctx:v:14:y:2024:i:9:p:166-:d:1467660
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    References listed on IDEAS

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    1. Theodore Koutroukis & Dimos Chatzinikolaou & Charis Vlados & Victoria Pistikou, 2022. "The Post-COVID-19 Era, Fourth Industrial Revolution, and New Globalization: Restructured Labor Relations and Organizational Adaptation," Societies, MDPI, vol. 12(6), pages 1-17, December.
    2. Sanchita Basu Das, 2015. "The Regional Comprehensive Economic Partnership: new paradigm or old wine in a new bottle?," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 29(2), pages 68-84, November.
    3. Fukunari Kimura, 2021. "“RCEP from the middle powers’ Perspective”," China Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 162-170, May.
    4. Peter A. Petri & Michael G. Plummer & Shujiro Urata & Fan Zhai, 2017. "Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States," Working Paper Series WP17-10, Peterson Institute for International Economics.
    5. Chatzinikolaou, Dimos & Vlados, Charis, 2023. "Unravelling the New Globalization: An Evolutionary Structural Analysis of Postwar World Capitalism and Policy Implications," DUTH Research Papers in Economics 7-2023, Democritus University of Thrace, Department of Economics.
    6. Peter A. Petri & Michael G. Plummer, 2020. "East Asia Decouples from the United States: Trade War, COVID-19, and East Asia's New Trade Blocs," Working Paper Series WP20-09, Peterson Institute for International Economics.
    7. Vlados, Charis, 2023. "On Evolutionary Geoeconomics and the RCEP Case: A Correlative SWOT Analysis," DUTH Research Papers in Economics 1-2023, Democritus University of Thrace, Department of Economics.
    8. Vlados, Charis & Deniozos, Nikolaos & Chatzinikolaou, Dimos, 2019. "Dialectical Prerequisites on Geopolitics and Geoeconomics in Globalization's Restructuration Era," DUTH Research Papers in Economics 14-2019, Democritus University of Thrace, Department of Economics.
    9. Vlados, Charis, 2019. "The Phases of the Postwar Evolution of Capitalism: The Transition from the Current Crisis into a New Worldwide Developmental Trajectory," DUTH Research Papers in Economics 26-2019, Democritus University of Thrace, Department of Economics.
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    Cited by:

    1. Dimos Chatzinikolaou & Charis Michael Vlados, 2024. "International Political Economy, Business Ecosystems, Entrepreneurship, and Sustainability: A Synthesis on the Case of the Energy Sector," Sustainability, MDPI, vol. 16(22), pages 1-24, November.

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    More about this item

    Keywords

    international political economy; energy transition; new globalization; geopolitical-geoeconomic shifts; New Globalization Scenario Matrix (NGSM); correlative SWOT analysis;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other

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