Russo-Ukrainian War and the emerging new globalization: a critical review of relevant research

Abstract

The emerging new global socioeconomic system is marked by a complex tapestry of multifaceted challenges, significantly reshaping the past global architecture. In the context of international political economy, the current era might be more accurately described as “new globalization.” This field has recently begun to integrate the effects of the Russo-Ukrainian War, which erupted in February 2022, into its analytical framework. This military showdown exemplifies the complex and interrelated political, economic, and technological challenges inherent in the emerging new globalization. This paper delves into the potential ramifications of the Russo-Ukrainian War on the unfolding trajectory of new globalization, utilizing the analytical approach of the “Evolutionary Structural Triptych” (EST). This critical review of pertinent literature suggests that the war may increase the likelihood of diminished returns during the current phase of the emerging new globalization.