Homeland economics as a new trend in the global economy

Subject. This article provides a comprehensive analysis of homeland economics as a new form of protectionism within the current economic and geopolitical context. Objectives. The article aims to analyze the growing popularity of protectionist measures in the 2020s, identify the reasons for the emergence, as well as the potential consequences of this trend in terms of ensuring the country’s economic sovereignty, national security, and world stability. Methods. For the study, we used content and comparative analyses, and generalization. Results. The article defines the homeland economics as a new form of protectionism, and attributes the reasons for its growing popularity to increased macroeconomic and political instability caused by many negative factors. The article also highlights some positive consequences of this form of protectionism and describes its possible long-term consequences. Conclusions and Relevance. The ideas of homeland economics will remain relevant in the near future, however, the long-term impact should not be underestimated. The results of the study can help determine and forecast the further trajectory of global economic development. This should contribute to the formulation of strategies at both the national foreign economic policy level and the level of individual companies operating in foreign markets.