The Impact of Deglobalization Processes on International Trade in the Context of Fragmentation of the World Economy

The world economy has been facing a number of factors in recent years, the impact of which cannot be characterized from a positive point of view. The reduction in trade between countries, the decline in foreign direct investment flows, differences in political views, trade wars that lead to the fact that the slow process of globalization, characteristic of the period of the global financial crisis and continuing until recently, is transformed into deglobalization processes, while their trend has a dynamic of strengthening. Deglobalization, which has outlined the course of development of international trade today, is considered from the point of view of permanence for the medium term, which requires states and international communities to implement policies that reduce the consequences of deglobalization and return to the existing course of globalization, creating strong trade relations, which is the key to the prosperous existence of all countries of the world, regardless of their level development. In connection with the above aspects, in order for the countries of the world to maintain trade relations and reduce the impact of economic de-globalization on international trade, first of all, it is necessary to create a solid and rational system of cooperation for market participants, which will create fair conditions for conducting trade between states.