Challenges to globalization and its impact on prevailing international liberal order
DOI:
https://doi.org/10.47264/idea.lassij/5.1.24Keywords:
Globalization, unipolarity, multipolarity, liberal order, anti globalization waves, anti-globalization, WTO, international trade, European Union, Brexit, isolationism, protectionism, nationalism, world orderAbstract
Challenges to globalization have grave implications for the worldwide liberal order that emerged with the end of the cold war. These challenges began to ascend from the West. The occasions like Brexit, ascent of radical rightist political groups in Europe, recognition of isolationist policies, choice of former US President Donald Trump (Originator of isolationist policies), and the strive towards confinement of manufacture and services have altered the contours of global liberal order. The objective of this examination is to find the factors that prepared ground for anti-globalization accounts as well as to discover its effect on the global liberal order by applying the content analysis method. This study will assume qualitative methodology utilizing both primary and secondary data i.e., government documents, annual reports, speeches of leaders, books, journal articles and newspapers etc. The findings of the study concludes that anti-globalization narratives are translating into the electoral processes, progressing hyper-nationalism over liberal order; multi-polarity above Uni-polarity; and Isolationism above free market economy. All such changes have critical repercussions for the global liberal order, hence, should be observed cautiously. If the pattern proceeds, the world pioneers ought to think about modifying the worldwide associations, alliances, as well as national security procedures.
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