Mapping the Globalization Dynamics: Convergence, Divergence and Deglobalization Trends

Abstract

The contemporary global economic landscape faces unprecedented structural shifts, prompting intense debate over the trajectory of international integration. The present paper highlights the globalization dynamics, starting from the most recent international trends, when public policies and corporate strategies are reshaping trade through new routes, alliances, and regional arrangements. Using a multi-methodological approach combining a systematic literature review, qualitative content analysis, and comparative case studies, this paper maps the contemporary dynamics of convergence and divergence across global markets. The findings reveal that current protectionist policies, supply chain regionalization, and nearshoring initiatives do not signal the demise of interdependence. Rather, they represent a calibrated reconfiguration driven by national security priorities, geopolitical risk mitigation, and economic resilience. This study contributes to the international economics literature by providing a nuanced framework that conceptualizes deglobalization not as a structural retreat, but as a strategic realignment of global value chains.