From hyperglobalisation to slowbalisation

This chapter explores the transformation of global economic dynamics in the post-Cold War era, characterised by hyperglobalisation. Following the collapse of the Soviet Union, the global economy underwent significant changes, with developing countries increasingly participating in international investments and multinational strategies. The technological revolution in transportation, communications, and logistics dramatically reduced transaction costs and increased global interconnectedness. Foreign direct investments expanded exponentially, with developing countries emerging as significant investors and investment destinations. Multinational companies’ strategies evolved, focusing not only on resource and market-seeking, but also on acquiring strategic assets and knowledge. The chapter highlights the changing landscape of international business, where emerging economies like China play increasingly important roles. The traditional dominance of the United States, Europe, and Japan is challenged by new global players. Notably, investments are now driven by complex motivations, including technological acquisition, political considerations, and strategic asset-seeking. The emergence of new natural resource dynamics, particularly in critical minerals like lithium, further illustrates the evolving global economic landscape.