economy
February 1, 2026
Old globalization model is over
The old model of globalization has ended with Western sanctions and trade barriers in place, Kremlin aide Maksim Oreshkin has said
TL;DR
- The old model of globalization has ended.
- The world is moving away from a unipolar order towards multipolar development.
- Leadership in global economic processes is shifting away from a single center.
- The involvement of major economies like China and India has improved living standards and reduced poverty.
- Sovereignty is a key concept in the current global landscape.
- Nations capable of maintaining sovereignty will be able to compete in this new development.
- Traditional Western-led financial mechanisms are no longer functioning effectively due to sanctions and restrictions.
- Decentralized systems like blockchain and AI are being explored as alternatives to traditional banking.
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