Regionalization as a Stage of Globalization: Current Trends and Impact on the World Economy

Introduction. This article explores the process of regionalization, its dynamics, and potential consequences. It analyzes the key factors driving states toward integration into regional alliances. Special emphasis is placed on the obstacles that hinder regionalization and contribute to its non-linear nature. Additionally, attention is given to the potential impact of regionalization on the global economy, based on an assessment of current trends and transformations in the international economic landscape. Materials and methods. This study employs a combination of general scientific and formal-logical methods, including methods of cognition, description, analysis, induction, deduction, comparison, analogy, systematization, and modeling. Additionally, comparative analysis, a systematic approach, and the case study method are utilized. Results of the study. The analysis of regionalization has demonstrated that it is an objective process in contemporary global economic development, driven by the slowdown of globalization and geopolitical changes. However, regionalization is not a linear process: conflicts often arise within integration associations, restricting the development of economic cooperation. The consequences of regionalization for states can be both positive and negative. On the one hand, deepening economic ties between countries with similar interests helps reduce economic risks. On the other hand, there is an increasing likelihood of restrictive measures imposed by "unfriendly" state blocs, forcing countries to adapt their trade strategies and seek new trading partners. As a result, the impact of regionalization on each state will manifest in a unique balance of benefits and losses, shaping the specifics of its economic relations. Discussion and conclusion. Regionalization is transforming the nature of globalization, shaping a new structure of the global economy in which regional associations play a leading role. In this context, it is crucial for states to adapt by developing flexible strategies for economic cooperation. The prospects for further research on regionalization are associated with analyzing its impact on global economic trends and studying state adaptation strategies to new conditions. It is important to recognize that regionalization does not replace globalization but rather transforms it, creating a new model of economic interaction on the international stage.