Hyperglobalization: The Emergence of Better Globalization

In recent years, changes in the global economy have accelerated. Several structural elements were key to achieving these transformations, where the increase in world trade can be highlighted, both in absolute terms and in the percentage of GDP, which is known to some analysts as hyperglobalization.

The Covid-19 pandemic and Russia’s war on Ukraine have pushed the global market into second place and focus on national goals such as public health and national security. But all this data on deglobalization should not hide the possibility that the current crisis could create better globalization.

It should be noted that hyperglobalization collapsed under various contradictions. First, there is a tension between the gains of specialization and the gains of productive diversification. The principle of comparative advantage states that countries should specialize in what they produce satisfactorily, as this will bring them greater economic benefits. However, evolutionary thinking has suggested that governments should incentivize national economies to produce what rich countries produced.

Secondly, hyperglobalization exacerbates distribution problems in many countries. The inevitable disadvantage of business profits is the redistribution of income from the losers to the winners. As globalization deepens, the redistribution from losers to winners grows more and more than net profits.

Third, hyper-globalization weakened the accountability of government officials to their constituents.   However, changing the rules of globalization is immutable and irresistible.   “The economic equivalent of a force of nature, such as wind or water” (Bill Clinton, 2000).

Finally, the zero-sum logic of national security and geopolitical competition contrasts with the positive-sum logic of international economic cooperation. With the emergence of China as a geopolitical rival to the United States and Russia’s invasion of Ukraine, strategic competition has once again taken precedence over the economy.



In conclusion, it is important for government entities to safeguard the integrity and rights of their territory. However, it is not only enough to achieve domestic growth, but also to strengthen trade relations with other countries, as this is a key factor in promoting development. Each nation excels in a certain sector and only economic integration between them will produce steady growth globally.



El Economista. (2022). Una mejor globalización podría surgir de las cenizas de la hiperglobalización. Extracted from [Consulted: May 16, 2022]

Portafolio. (2021). Hiperglobalización: los grandes cambios en la economía mundial. Extracted from [Consulted: May 16, 2022]