New globalization and multipolarity: A critical review and the Regional Comprehensive Economic Partnership

Dimos Chatzinikolaou, Charis Vlados and Badar Iqbal ()

No 7-2022, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

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.

Keywords: New globalization; Regional Comprehensive Economic Partnership; New multipolarity; Global socioeconomic development; International political economy (search for similar items in EconPapers)
JEL-codes: F13 F53 F69 O10 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2022-10-07
New Economics Papers: this item is included in nep-hme and nep-int
Note: Journal of Economic Integration. Vol. 37, No. 3, pp. 458-483. [Sejong University] https://www.e-jei.org/journal/view.php?doi=10.11130/jei.2022.37.3.458
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2022_007

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