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International Conference on
Management, Enterprise and Benchmarking

24th MEB Conference - Budapest, 24.04.2026

Globalization of European Union countries in the context of global turbulence and geopolitical shift in the 2020s | MEB Conference

Globalization of European Union countries in the context of global turbulence and geopolitical shift in the 2020s

Abstract

Globalization of EU countries in the context of global instability and shift was studied. Analysis with the use of KOF globalization index confirmed hypothesis assuming that EU countries represent a relatively high level of globalization, but there are still large differences between new and old EU members. Globalization does not solve world economy's problems, and may even induce new global challenges and threats. Turbulence in the 2020s raises questions about further development of international relations and globalization. Disrupted international cooperation and disturbed geopolitical balance, may limit, inhibit or change globalization. Exacerbation of tensions between global powers may lead to the division of the world into competing platforms. Geopolitical shift becomes particularly important. Hypothesis assuming that instability in the global economy in the 2020s influence prospects of globalization, including globalization of EU countries was positively verified.
Keywords: Globalization, Geopolitics, Europan Union
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