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Journal of Economic Integration 2022 September;37(3) :458-483.
DOI: https://doi.org/10.11130/jei.2022.37.3.458
New Globalization and Multipolarity: A Critical Review and the Regional Comprehensive Economic Partnership Case

Charis Vlados1,2,3 Dimos Chatzinikolaou 1 and Badar Alam qbal 4

1Department of Economics, Democritus University of Thrace, Greece
1,2,3School of Business, University of Nicosia, Cyprus
3School of Social Sciences, Business & Organisation Administration, Hellenic Open University, Greece
4Monarch Business School, Switzerland
Corresponding Author: Charis Vlados ,Email: cvlados@econ.duth.gr
Copyright ©2022 Journal of Economic Integration
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.

JEL Classification
F69: Other
F13: Trade Policy; International Trade Organizations
O10: General
F53: International Agreements and Observance; International Organizations
Keywords: New globalization | Regional Comprehensive Economic Partnership | New multipolarity | Global socioeconomic development | International political economy
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