The resistance economy and the emergence of the new world economic order

Abstract

The subject of the research are systemic changes in the world economic order, both those that led to the formation of the international economic system in its current form, and the current processes that lead to its disintegration. The most important financial, economic and geo-economic mechanisms that enabled the establishment of an economic order based on the dominance of the most developed countries of the West refer to: 1) the abolition of the gold standard, 2) the establishment of the petrodollar mechanism, and 3) the replacement of the role of the national economy by the dominance of transnational companies. These phenomena have been identified as the basis of the unipolar system of the world economy. As the established system represents a brake on the further development of the economy outside the dominant structure, new emerging powers (BRICS and others) are establishing parallel economic mechanisms that overcome the set limitations. In the article, these processes are conditionally called the resistance economy, a term that originally refers to the resistance of an individual economy to the negative effects of the environment. The development of a multi-currency monetary system, the establishment of alternative payment systems, the loss of dollar exclusivity in the energy trade of the Middle East, and the change in the overall relationship of OPEC economies to the demands of the USA were identified as the most important. These processes are not the cause of the disintegration of the existing order, but an obstacle to its restructuring. Since these are concrete, formally and institutionally regulated financial and other economic mechanisms, it can be considered that the process of change from a unipolar to a multipolar system of the world economy is irreversible.