41Received 22.09.2025. Revised 25.02.2026. Accepted 29.04.2026.
Abstract. The crisis of the unipolar model, driven by its inherent dysfunctions (rule asymmetry, securitization of financial infrastructure, social costs of neoliberal policies), has triggered the fragmentation of global economic relations. Through critical and institutional analysis, this article argues that the rise of new power centers and the global energy transition act not merely as catalysts for change but as sources of fundamentally new – horizontal – dilemmas: institutional (pluralism vs. bloc fragmentation), regulatory (climate cooperation vs. green protectionism), temporal (short-term political cycles vs. long-term strategic resilience), and legitimation (internal contradictions of the energy transition, including social resistance and technological externalities). The study demonstrates that the emerging contours of a hypothesized “Globalization 2.0” are shaped not by declaratory principles (such as managed interdependence or climate mainstreaming), but by the capacity of key actors – states, corporations, and institutions – to ensure the interoperability of competing technical, regulatory, and financial standards. Drawing on empirical data on tariff asymmetries, supply chain vulnerabilities, and the uneven impact of carbon border mechanisms, the article reveals a self-reinforcing cycle of fragmentation. It concludes that failure to resolve the identified horizontal dilemmas through hybrid strategies and interoperable platforms will lead not to a stable polycentric order, but to the reproduction of unipolar dysfunctions in a more acute and conflict-ridden form of bloc-based fragmentation.
Keywords: Globalization 2.0, fragmentation, polycentrism, horizontal dilemmas, managed interdependence, interoperability, energy transfer, climate protectionism
REFERENCES
1. Krauthammer C. The Unipolar Moment. Foreign Affairs, 1990/1991, vol. 70, no. 1, pp. 23-33. Available at: https://doi.org/10.2307/20044692
2. Baldwin R. The Great Convergence: Information Technology and the New Globalization. Cambridge, Harvard University Press, Belknap Press, 2016. 330 p. Available at: https://doi.org/10.2307/j.ctv24w655w
3. Acharya A. The End of American World Order. Cambridge, Polity Press, 2018. 224 p.
4. Portanskiy A. The Imperative of WTO Reform in an Era of Rising Protectionism and Trade Wars. International Organisations Research Journal, 2019, vol. 14, no. 2, pp. 238-251. Available at: https://www.researchgate.net/publication/338168184_The_Imperative_of_WTO_Reform_in_an_Era_of_Rising_Protectionism_and_Trade_Wars (accessed 13.07.2026).
5. Farrell H., Newman A.L. Weaponized Interdependence: How Global Economic Networks Shape State Coercion. International Security, 2019, vol. 44, no. 1, pp. 42-79. Available at: https://doi.org/10.1162/ISEC_a_00351
6. Lapkin V.V. The Transformation of the World Order: The Evolutionary Aspect. Polis. Political Studies, 2024, no. 4, pp. 146-165. (In Russ.) Available at: https://doi.org/10.17976/jpps/2024.04.11
7. Lapkin V.V. Global Interlude: From Unipolar Dysfunction to a New World Order. Polis. Political Studies, 2019, no. 6, pp. 128-143. (In Russ.) Available at: https://doi.org/10.17976/jpps/2019.06.10
8. Stiglitz J.E. Globalization and Its Discontents. New York, London, W.W. Norton, 2002. 282 p.
9. Varnavskii V.G. Global Trade: Long-Term Trends and Structural Changes. World Economy and International Relations, 2024, vol. 68, no. 1, pp. 5-18. (In Russ.) Available at: https://doi.org/10.20542/0131-2227-2024-68-1-5-18
10. Baldwin R., Freeman R. Risks and Global Supply Chains: What We Know and What We Need to Know. Annual Review of Economics, 2022, vol. 14, pp. 153-180. Available at: https://doi.org/10.1146/annurev-economics-051420-113737
11. Barattieri A., Cacciatore M. Self-Harming Trade Policy? Protectionism and Production Networks. American Economic Journal: Macroeconomics, 2023, vol. 15, no. 2, pp. 97-128. Available at: https://doi.org/10.1257/mac.20190445
12. Drezner D.W. The System Worked: How the World Stopped Another Great Depression. New York, Oxford University Press, 2014. 280 p.
13. Poon J. The Geoeconomics of Globalization 2.0. Environment and Planning A: Economy and Space, 2024, vol. 57, no. 1, pp. 144-148. Available at: https://doi.org/10.1177/0308518X241269366
14. Sutyrin S.F., Korgun I.A. Globalization and Russia: Do We Need New Priorities? World Economy and International Relations, 2024, vol. 68, no. 1, pp. 74-84. (In Russ.) Available at: https://doi.org/10.20542/0131-2227-2024-68-1-74-84
15. Krauthammer C. The Unipolar Moment Revisited. The National Interest, Winter 2002/2003, no. 70, pp. 5-17. Available at: https://www.jstor.org/stable/42897438 (accessed 20.02.2026).
16. Pantin V.I., Lapkin V.V. Destabilization of the Old World Order and the Formation of a New World Order: Main Trends and Alternatives. Social Sciences and Contemporary World, 2023, no. 5, pp. 7-18. (In Russ.) Available at: https://doi.org/10.31857/S0869049923050015
17. Stiglitz J.E. Capital Market Liberalization, Economic Growth, and Instability. World Development, 2000, vol. 28, no. 6, pp. 1075-1086. Available at: https://doi.org/10.1016/S0305-750X(00)00006-1
18. Cerdeiro D.A., Kamali P., Kothari S., Muir D.V. The Price of De-Risking: Reshoring, Friend-Shoring, and Quality Downgrading. IMF Working Paper no. 2024/122. Washington, International Monetary Fund, June 2024. Available at: https://www.imf.org/en/publications/wp/issues/2024/06/20/the-price-of-de-risking-reshoring-friend-shoring-and-quality-downgrading-545774 (accessed 14.02.2026).
19. Goldthau A., Westphal K. Why the Global Energy Transition Does Not Mean the End of the Petrostate. Global Policy, 2019, vol. 10, no. 2, pp. 279-283. Available at: https://doi.org/10.1111/1758-5899.12649
20. Acharya A. Constructing Global Order: Agency and Change in World Politics. New York, Cambridge University Press, 2018. 224 p. Available at: https://doi.org/10.1017/9781316756768
21. Kshetri N. The Evolution of Globalization: From Market Integration to the Rise of Digital and Data-Driven Economies. Foundations of International Business. Cham, Palgrave Macmillan, 2025, pp. 3-35. Available at: https://doi.org/10.1007/978-3-032-03244-7_1
22. Zhu J. Borrowing Country-Oriented or Donor Country-Oriented? Comparing the BRICS New Development Bank and the Asian Infrastructure Investment Bank. International Organisations Research Journal, 2019, vol. 14, no. 2, pp. 128-146. Available at: https://www.researchgate.net/publication/338167902_Borrowing_Country-Oriented_or_Donor_CountryOriented_Comparing_the_BRICS_New_Development_Bank_and_the_Asian_Infrastructure_Investment_Bank (accessed 13.07.2026).
23. Raharyo A. Asian Infrastructure Investment Bank (AIIB) as an Instrument for Regional Leadership of China in the East Asia Region. AEGIS: Journal of International Relations, 2018, vol. 2, no. 2, pp. 109-124. Available at: https://e-journal.president.ac.id/index.php/AEGIS/article/download/422/257 (accessed 20.02.2026).
24. Kulovesi K., Oberthur S., Van Asselt H., Savaresi A. The European Climate Law: Strengthening EU Procedural Climate Governance? Journal of Environmental Law, 2024, vol. 36, no. 1, pp. 23-42. Available at: https://doi.org/10.1093/jel/eqad034
25. Stiglitz J.E., Rodrik D. Rethinking Global Governance: Cooperation in a World of Power. The New Global Economic Order, March 2024. Available at: https://ipdcolumbia.org/wp-content/uploads/2025/10/rethinking_global_governance_03132024-Stiglitz-Rodrik.pdf (accessed 10.02.2026).
26. Meadows D.H., Randers J., Meadows D.L., Behrens W.W. The Limits to Growth: A Report for the Club of Rome’s Project on the Predicament of Mankind. New York, Universe Books, 1972. 211 p.
27. Slaughter A.-M. The Chessboard and the Web: Strategies of Connection in a Networked World. New Haven, Yale University Press, 2017. 304 p.
28. Slaughter A.-M. A New World Order. Princeton, Princeton University Press, 2005. 368 p.
29. Bremmer I. Article Commentary. The End of the Free Market: Who Wins the War between States and Corporations? European View, 2010, vol. 9, iss. 2, pp. 249-252. Available at: https://doi.org/10.1007/s12290-010-0129-z
30. Nye J.S., Jr. The Rise and Fall of American Hegemony from Wilson to Trump. International Affairs, 2019, vol. 95, no. 1, pp. 63-80. Available at: https://roycross.blog/wp-content/uploads/2021/07/joe-nye-on-american-hegemony.pdf (accessed 20.02.2026).
31. Pantin V.I., Lapkin V.V. Main Scenarios of Destabilization and Changes in the World Order. History and Modernity, 2024, no. 1, pp. 27-57. (In Russ.) Available at: https://doi.org/10.30884/iis/2024.01.02
SOURCES
1. World Tariff Profiles 2006–2023. Geneva, WTO iLibrary. Available at: https://doi.org/10.30875/cc0046c8-en (accessed 10.02.2026).
2. WTO Statistics Database. Trade Profiles. Geneva, World Trade Organization. Available at: https://stats.wto.org/ (accessed 15.02.2026).
3. Currency Composition of Official Foreign Exchange Reserves (COFER). Washington, International Monetary Fund. Available at: https://data.imf.org/?sk=E6A5F467-C14B-4AA8-9F6D-5A09EC4E62A4 (accessed 12.02.2026).
4. Beyond the Dollar: BRICS+ Initiatives for a Multipolar Financial System. Valdai Discussion Club Report, November 2025. Available at: https://valdaiclub.com/publications/reports/beyond-the-dollar-brics-initiatives/ (accessed 14.02.2026).
5. World Economic Outlook: Steady amid Divergent Forces. Washington, International Monetary Fund, January 2026. Available at: https://www.imf.org/-/media/files/publications/weo/2026/january/english/text.pdf (accessed 14.02.2026).
6. Carbon Border Adjustment Mechanism: Technical Documentation. Brussels, EU, 2025. Available at: https://ec.europa.eu/taxation_customs/carbon-border-adjustment-mechanism_en (accessed 14.02.2026).
7. Trade and Development Report 2025: Statistics Annex. Geneva, UNCTAD. Available at: https://unctadstat.unctad.org/EN/Index.html (accessed 13.02.2026).
8. Already a Multi-Trillion-Dollar Market: A CEO Guide to Growth in the Green Economy. Geneva, World Economic Forum, 2025. Available at: https://www.weforum.org/publications/already-a-multi-trillion-dollar-market-ceoguide-to-growth-in-the-green-economy/ (accessed 14.02.2026).
9. Guidelines for a Just Transition towards Environmentally Sustainable Economies and Societies for All. Geneva, International Labour Office, 2015. Available at: https://www.ilo.org/publications/guidelines-just-transition-towards-environmentally-sustainable-economies (accessed 19.02.2026).
10. End-of-Life Management: Solar Photovoltaic Panels. International Renewable Energy Agency and International Energy Agency (IRENA), 2016. Available at: https://www.irena.org/publications/2016/Jun/End-of-life-management-Solar-Photovoltaic-Panels (accessed 19.02.2026).
11. Africa Capital Markets Report 2025: Financing the climate transition in Africa: Insights from a Regional Scenario Analysis. Paris, OECD. Available at: https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/11/africa-capital-markets-report-2025_a973e07d/7d26e1d3-en.pdf (accessed 14.02.2026).
12. World Bank Open Data. Monitoring, Reporting and Verification (MRV) System Costs Indicator. Washington, World Bank Group. Available at: https://data.worldbank.org/ (accessed 13.02.2026).
13. OECD-WTO. Balanced Trade in Services Statistics (BaTiS) Database. Paris, OECD Publishing. Available at: https://www.oecd.org/sdd/its/balanced-trade-statistics.htm (accessed 14.02.2026).



No comments