The Emergence of New World Order: Is it the End of the Free Trade Era

Bidyanand  Choudhary

doi:10.69968/ijisem.2025v4si1133-138

Authors

Bidyanand Choudhary Assistant Professor, Department of Economics, St. Xavier's College of Management and Technology, Patna, India.

DOI:

https://doi.org/10.69968/ijisem.2025v4si1133-138

Keywords:

Emergence of New World Order, Free Trade Era, Soviet Union, Globalization, Free Trade Agreements

Abstract

The concepts of the Emergence of New World Order and the Free Trade Era are interrelated, particularly in the context of "the post-World War II and post-Cold War eras". Free trade is a system of international commerce with minimal barriers, while the term "New World Order" frequently denotes a period of substantial shift in "global politics and power dynamics". The following article provides a comprehensive review of the diverse literature on "the New World Order and the End of the Free Trade Era". It concluded that the emergence of a new world order, shaped by shifting global power dynamics, signals potential challenges to the free trade era. While free trade agreements have boosted China's digital product exports and fostered innovation and cooperation, rising geopolitical tensions and strategic alliances led by dominant powers like the U.S. indicate a shift toward protectionism and resource control. This evolving landscape raises concerns about the sustainability of open markets, suggesting that future global trade may be increasingly influenced by political agendas rather than purely economic principles. The balance between globalization and national interest remains at the heart of this transformation.

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