Are We on the Verge of a Major Transformation of the Global Economy?

The article contains an analysis of the events of world economic history related to the processes of globalization. The principles and nature of the functioning of international institutions that determine the world order in recent decades are described. In the context of significant changes taking place in the world in recent years, the question is raised of changing the balance of power in the world economy and the possibility of transition to its “deglobalization” is assessed.