The Fragmentation of Globalization: State Resilience and the Rise of Neo-Mercantilism

Abstract

Globalization is slowing down. Reasons are international turmoils, economic crises, wars and pandemics. These disturbances show how weak our supply chains are. Due to these countries are turning to neo mercantilist policies. They focus on national resources and production and try to manage on their own. Local production is back and governments are rushing to protect key industries. Countries are trying to reduce dependence on economies that are in competition with them. This can be seen in high technology and energy sectors. Economic nationalism is returning. It is reshaping global governance and putting pressure on the old liberal order. This study looks at that trend. It uses a qualitative approach which analyze documents and compare case studies. The framework focuses on the link between globalization, fragmentation, neo mercantilism and state resilience. The goal is to see how governments change their economic strategies when the world throws challenges at them. The methodology guides the research design, turning it into a clear strategy. It draws on current policy developments and global trade dynamics. State directed capitalism and regional economic blocks are creating a new form of globalization. It is motivated by self-interest and regulated by independence instead of openness.