Subject. The article addresses problems related to the innovative development of the modern world economy, the pace of which is likely to decrease due to the ongoing processes of deglobalization. Objectives. The purpose is to analyze the essence, nature, and directions of deglobalization processes, study their nature, and find out the possibility that deglobalization processes in the modern economy will have a restraining effect on its innovative development. Methods. The study rests on methods of induction and deduction, analysis and synthesis, statistical and graphical methods for data representation. Results. Three main positions determine the future of the globalization process. They unite both representatives of economic science and business community. The analysis of ongoing transformations demonstrated a number of trends in the development of international economic relations, confirming their deglobalization character. These trends have a negative impact on the development of international scientific and technical cooperation and prospects for innovative economic development. This is characterized by the ongoing reduction in the number of international investment innovation and technological initiatives. Conclusions. The ongoing transformations in the world economy, characterized by a number of researchers as a process of deglobalization, need further study. The nature of deglobalization processes is largely determined by the desire to implement a policy of technological deterrence, which seems counterproductive.
Keywords: globalization, deglobalization, innovative development, international innovation and technological cooperation
References:
Aizenman J., Yin-Wong Cheung, Westermann F. An introduction to the special issue “Financial globalization and de-globalization: Perspectives and prospects”. Journal of International Money and Finance, 2022, vol. 122, no. 102590. URL: Link
Yadong Luo. Illusions of techno-nationalism. Journal of International Business Studies, 2022, vol. 53, iss. 3, pp. 550–567. URL: Link
Witt M.A., Li P.P., Välikangas L., Lewin A.Y. De-globalization and Decoupling: Game Changing Consequences? Management and Organization Review, 2021, vol. 17, iss. 1, pp. 6–15. URL: Link
Contractor F.J. A decline in US manufacturing because of globalization and China? Don’t believe this fake news. Management and Organization Review, 2021, vol. 17, iss.1, pp. 16–23. URL: Link
Smith R.C. Will Populism Kill Globalization? Independent Review, 2019, vol. 24, iss. 3, pp. 433–440. URL: Link
Williamson P. De-globalisation and decoupling: Post-COVID-19 myths vs realities. Management and Organization Review, 2021, vol. 17, iss. 1, pp. 29–34. URL: Link
Yimei Hu, Kailan Tian, Tian Wu, Cuihong Yang. The Lose-Lose Consequence: Assessing US-China Trade Decoupling through the Lens of Global Value Chains. Management and Organization Review, 2021, vol. 17, iss. 2, pp. 429–446. URL: Link
Liang Wang, Zaiyang Xie. An Outcome of Decoupling and De-globalization? The Weakened Impact of Internationalization on Innovation of Chinese Firms Since 2016. Management and Organization Review, 2021, vol. 17, iss. 3, pp. 630–635. URL: Link
Jane W. Lu, Hao Ma, Xuanli Xie. Foreignness research in international business: Major streams and future directions. Journal of International Business Studies, 2022, vol. 53, iss. 3, pp. 449–480. URL: Link
Petricevic O., Teece D.J. The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise. Journal of International Business Studies, 2019, vol. 50, pp. 1487–1512. URL: Link
Kamakura N. From globalising to regionalising to reshoring value chains? The case of Japan's semiconductor industry. Cambridge Journal of Regions, Economy and Society, 2022, vol. 15, iss. 2, pp. 261–277. URL: Link
Huiwen Gong, Hassink R., Foster C. et al. Globalisation in reverse? Reconfiguring the geographies of value chains and production networks. Cambridge Journal of Regions, Economy and Society, 2022, vol. 15, iss. 2, pp. 165–181. URL: Link
Yiru Song, Chunjiao Yu, Lulu Hao, Xi Chen. Path for China's high-tech industry to participate in the reconstruction of global value chains. Technology in Society, 2021, vol. 65, no. 101486. URL: Link
Matkovskaya Ya.S. [On implementation of Russia's obligations under the Paris agreement: Institutional, legal, international, and methodological aspects, problems and prospects for Russia's economy development]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2021, vol. 17, iss. 12, pp. 2317–2341. (In Russ.) URL: Link
Bello W. Deglobalization: Ideas for a New World Economy. London, Zed Books Ltd., 2008, 167 p.
Livesey T.F. Unpacking the possibilities of deglobalisation. Cambridge Journal of Regions, Economy and Society, 2018, vol. 11, iss. 1, pp. 177–187. URL: Link
Gould S., Grein A. Think glocally, act glocally: A culture-centric comment on Leung, Bhagat, Buchan, Erez and Gibson (2005). Journal of International Business Studies, 2009, vol. 40, pp. 237–254. URL: Link
Ghemawat P. Semiglobalization and international business strategy. Journal of International Business Studies, 2003, vol. 34, iss. 2, pp. 138–152. URL: Link
Verbeke A., Coeurderoy R., Matt T. The future of international business research on corporate globalization that never was… Journal of International Business Studies, 2018, vol. 49, pp. 1101–1112. URL: Link
Toroptsev E.L., Marakhovskii A.S. [Structural defects and deformations of the economy]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2021, vol. 20, iss. 2, pp. 251–277. (In Russ.) URL: Link
Burlachkov V.K. [Global imbalances: Causes and consequences of manifestations in the modern economy]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2022, vol. 21, iss. 1, pp. 4–22. (In Russ.) URL: Link
Radulovic M., Kostic M. Globalization and economic growth of Eurozone economies. Zbornik Radova Ekonomskog Fakulteta u Rijeci, 2020, vol. 38, no. 1, pp. 183–214. URL: Link
Buckley P., Lessard D. Regaining the edge for international business research. Journal of International Business Studies, 2005, vol. 36, pp. 595–599. URL: Link
Boiko I.V. [Globalization versus Localization: The New Management Paradigm of 21th Century]. Upravlencheskoe konsul'tirovanie = Administrative Consulting, 2022, no. 1, pp. 64–75. (In Russ.) URL: Link
Matkovskaya Ya.S. [Directions of transformation of marketing activities of Russian companies in the context of the De-Westernization of the domestic B2C market]. Marketing i marketingovye issledovaniya, 2022, no. 3, pp. 188–201. URL: Link (In Russ.)
Kirichenko I.V., Kravtsov A.A., Mamed'yarov Z.A. et al. [Global innovation ecosystem: Monitoring of state in 2020 – first half of 2021]. Analiz i prognoz. Zhurnal IMEMO RAN = Analysis and Forecasting. IMEMO Journal, 2022, no. 1, pp. 78–99. (In Russ.) URL: Link