The world is facing economic fragmentation that will affect the lives of a huge number of people. Deglobalization processes in the world have been present for some time. In this category we can mention the global financial crisis, then the trade wars of the US President Donald Trump, then Brexit, as well as the pandemic of corona virus that paralyzed economies around the world. The goal of this paper is to show and explain what multipolarity is and what its consequences are. We will use the description and comparison methods so that we can come to the conclusion about the new world order and what consequences it brings. The weakening of globalization processes leads to regional economic and trade blocks. The consequence of regionalization could be a slowdown in economic growth in developing countries, i.e. in those countries that remain outside the leading trading blocks in the modern world. Multipolarity is usually understood as a global order that will be established by several states.

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