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New Globalization and Multipolarity: A Critical Review and the Regional Comprehensive Economic Partnership Case
Ist Teil von
Journal of Economic Integration, 2022, 37(3), , pp.458-483
Ort / Verlag
Seoul: Center for Economic Integration, Sejong University
Erscheinungsjahr
2022
Quelle
EBSCOhost Business Source Ultimate
Beschreibungen/Notizen
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.