Global Regionalization as the Basis for the Development of the World Economy

Introduction. The article deals with the current trends related to the slowdown of economic globalization in light of geopolitical and economic factors that influence the dynamics of the global economy. The article tests the hypothesis that globalization principles are undergoing significant changes in the modern world. The author explores ongoing transformations in three main directions: the dynamics of economic growth at the global and regional levels; fragmentation of the global economy, and the changing role of global institutions. Special attention is given to analyzing these trends in the BRICS countries, which represent the most dynamically developing bloc in the global economy.

Materials and methods. The methodological basis of this research includes synthesis, qualitative and quantitative analysis, comparative research, and statistical methods. The materials used consist of contemporary studies on globalization and regionalization processes, official reports from international organizations, statistical data, and news sources from global media.

Results of the study. The findings of the research show that further development of globalization will occur through a scenario of regionalization without being tied to geographical regions, which appears to be the most feasible solution for overcoming global issues encountered by countries, including security and inclusiveness. The author concludes that the emerging form of globalization will be characterized by multipolarity, distribution of economic growth centers, and a greater dependence on regional trade blocs.

Discussion and conclusion. Factors contributing to the development of regionalization remain significant despite the destabilization of international relations. Global regionalization, which emerged in response to the challenges of post-globalization, will lead to the formation of new models of integration between countries and become an essential component of the global economy.

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