Economic and Political Dynamics of Globalization: A Review of Continuity and Change in Research Focus

Abstract

This paper delves into the multifaceted phenomenon of globalization and examines its contemporary manifestations. Globalization, characterized by increasing interconnectedness and interdependence among nations, has gained momentum through technological advancements, trade, and communication. In the context of historical dialectics, capitalism, and political economy, this study explores the evolving landscape of globalization and its implications for the modern world. The investigation aims to bridge the gap between past research and emerging trends, analyzing the complex relationship between economic interdependence and global dynamics. Through a systematic review of literature, including original research and review studies, the study uncovers a diverse array of topics, from geopolitical dynamics and ecological innovations to labor market disruptions and international trade evolution. While traditional themes such as inequality, technological advancements, and historical origins remain vital, contemporary discourse encompasses ecological sustainability, labor market transformations, and strategic geopolitical interactions. Notably, recent research highlights the role of economic diplomacy and strategies of dominant players, such as the EU, the US, and China, in shaping global markets. Furthermore, it emphasizes the intersection of technology, innovation, and globalization, particularly within industries and labor markets. Through an examination of the past, present, and future, this work aims to foster a comprehensive understanding of globalization's diverse dimensions, aiding policymakers, economists, and businesses in making informed choices.