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New Globalization and Multipolarity: A Critical Review and the Regional Comprehensive Economic Partnership Case

Author

Listed:
  • Vlados, Charis

    (Department of Economics, Democritus University of Thrace, Greece)

  • Chatzinikolaou, Dimos

    (Department of Economics, Democritus University of Thrace, Greece)

  • Alam Iqbal, Badar

    (Monarch Business School, Switzerland)

Abstract

The present evolutionary phase in international economic and political relations involves the analysis of a "new globalization" and the profound reshaping of multipolarity. This article examines the fundamental elements of the newly emerging globalization morphology from a critical standpoint on the key aspects of the Regional Comprehensive Economic Partnership (RCEP). It aims to discern why such free trade agreements are significant expressions and imprints of the unfolding new multipolarity. It focuses on crucial dimensions of such international socioeconomic agreements for deepened global cooperation and development. For the analysis, we distinguish between the structures of the previous globalization regime and some evolutionary dimensions of the gradual transition to a "new globalization" (e.g., the RCEP). We contend that such agreements enrich regional economic and social integration and can expand globalized transnational flows, thereby boosting efficient cooperation for reconstructing future dynamics of international economic development.

Suggested Citation

  • Vlados, Charis & Chatzinikolaou, Dimos & Alam Iqbal, Badar, 2022. "New Globalization and Multipolarity: A Critical Review and the Regional Comprehensive Economic Partnership Case," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 37(3), pages 458-483.
    • Handle: RePEc:ris:integr:0856
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    Keywords

    New globalization; Regional Comprehensive Economic Partnership; New multipolarity; Global socioeconomic development; International political economy;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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