THE ESTABLISHMENT OF THE NEW WORLD ORDER, COLD GLOBALIZATION AND DEGLOBALIZATION
THE ESTABLISHMENT OF THE NEW WORLD ORDER, COLD GLOBALIZATION AND DEGLOBALIZATION

Author(s): Nano Ružin, Marina Mitrevska
Subject(s): Politics / Political Sciences, Security and defense, Globalization, Geopolitics
Published by: Institut za strategijska istraživanja
Keywords: cold globalization; deglobalization
Summary/Abstract: Similar to the emblematic work of Francis Fukuyama, ”The End of History and the Last Man”, the topic of ”the end of globalization” is becoming attractive and debatable, as well. The question is whether attitudes and opinions will be as changeable as ”the end of history” phenomenon. The central focus of this paper is directed to the question: Are we witnessing today the end of globalization, synonymous with growth in recent years? Have the end of the US unilateralism and superiority and the establishment of the new world order been announced? The Covid-19 pandemic, the Russian invasion of Ukraine, climate changes, tensions over Taiwan and China are parameters that are contrary to the philosophy of globalization. Undoubtedly, the end of hyper-globalization has begun. It is a period that extends from the fall of the Berlin Wall to the crisis in 2008 and which has marked the opening of half of the world to the world global flows. Here we think of China, the countries of the former USSR and India and their opening or closing to world trade. It is evident that geopolitics, i.e. its product – the new world order – determines globalization and deglobalization. The successive shocks of the past 15 years have encouraged the retreat of states into themselves, which is unfavorable for any idea of globalization. There are no doubts that globalization will be partially sustained, but it is difficult to assume that the exceptional growth of the hyper-globalization period will be reached (Dadush, 2022). Full globalization i.e. establishing a system of ”cold globalization” is possible only if there is an invasion of Taiwan by China. The Russian intervention in Ukraine, although tense, is not decisive enough to completely threaten globalization. Compared to China’s importance in world trade, Russian participation is far disproportionate to China’s one. Will these processes create some feedback on the state of the Western Balkan countries?

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