Transformation of Economic Globalization in the Context of the Development of the World Community Along the Path of Multipolarity

DOI: 10.33917/es-6.192.2023.16-29

The development of the world economy in modern conditions is being transformed under the influence of a number of factors, which are both man-made and caused by the imperfection of the system of economic relations that have developed as a result of the absolute denial of state regulation and attempts to replace it with supranational rules. The basic determinants were the recommendations of the Washington Consensus (1992), aimed at accelerating the transition to a market economy of transformational economies after the collapse of the USSR. In the early 2000s, a similar approach was extended to all developing economies. This made it possible to accelerate the process of economic globalization, which was fundamentally based on the internationalization of reproductive value chains. The development of the world community along the path of polycentrism determines the transformation of economic globalization in terms of both driving forces and regional localization.

The purpose of this article is to analyze the transformation of economic globalization in the context of the transition from an American-centric model of the world economy to a multipolar structure of the world community.


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Russia’s International Specialization: Opening and Missed Chances


We describe the “window of opport unity” objectively opened up after the coronacrisis for Russia’s entering advanced service niches in global industrial chains and improving its international specialization. We show that after falling under Western sanctions in Spring 2022, Russia has lost this opportunity and suffers a technological rollback due to isolation from global markets.


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DOI: 10.33917/es-1.175.2021.64-69

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DOI: 10.33917/es-5.171.2020.128-135

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DOI: 10.33917/es-5.163.2019.40-46

The article is dedicated to distributing the production process along the elements of global value chains, to the countries’ participation in such chains and the resulting principles of the national growth policy. Special attention is paid to specifics of the Russian situation

Prospects for Forming New Global Value Added Chains on the Basis of Cooperation Between Scientific-Industrial Complexes of Russia and Belarus

#1. Event Horison
Prospects for Forming New Global Value Added Chains on the Basis of Cooperation Between Scientific-Industrial Complexes of Russia and Belarus

Global Value Chains (GVCs) are currently the main theoretical concept for analyzing globalization processes in the sphere of industrial production and the object for perfecting the foreign economic policy of each country. Traditions and schools of studying GVCs, that have developed in the world community, can be divided into macrostructural, united under the general title of “internationalism”, and cluster ones, that are forming the “industrialism” trend. Referring to the problem of Russian-Belarusian industrial cooperation in the course of neoindustrialization and formation of new GVCs, macrostructural approach turns out to be completely unproductive for a number of reasons, therefore the authors of the article, considering the programs of Russian-Belarusian cooperation, follow the cluster approach.

Collapse of Neoliberalism as a Theory of Constructing a Monopolar World or Transformation of Globalization?

#5. Digital Agitation
Collapse of Neoliberalism as a Theory of Constructing a Monopolar World or Transformation of Globalization?

The article considers duality of the globalization concept — as a process based on internationalization of the reproductive chain of the world GDP creation and as a policy pursuing and realizing the goal of forming and maintaining a monopolar global community; it is argued that economic content of globalization remains important for the present stage of the world community development; the article presents the arguments proving supportive measures taken by international organizations in order to support the process of cooperation and production specialization, restoration of balanced structures of national economies; arguments are given proving the monopoly insolvency, disavowing neoliberalism as a theory justifying this process; the author substantiates the principles determining formation of a multipolar world community and meeting the current realities of the world community development.