Contours and opportunities of the new world economic order for the development of Georgia's economy

Abstract

Currently, the formation of a new world economic order is rapidly underway, defined by competition between transoceanic and transcontinental globalization models. This competition is primarily evident in the global confrontation between the United States and China. The unipolar world economic order, with the United States as its main actor, is approaching its end. In the foreseeable future, it is likely to be replaced by a bipolar or multipolar global economy. Georgia must identify its role in these processes based on its own interests, which should be reflected in its active involvement in various megaprojects. This paper discusses the prospects for Georgia's economic development in terms of its participation in the transcontinental megaproject “The New Silk Road” and, specifically, the “Middle Corridor Project.”