Abstract
Recent geopolitical and economic shocks have shaken the foundation of globalisation. The deglobalisation hypothesis is gaining traction in response to these shocks. This article attempts to debunk this hypothesis by proposing a counterbalancing reglobalisation hypothesis. Rather than representing a decline in globalisation, the global economy is transforming towards a more strategically realigned system. Through an analysis of trends in trade flows, foreign direct investment, and migration, this article argues that the global economy is undergoing a structural adjustment, marked by increasing regionalisation and technological advancement. The article identifies a shift in the global economic order and a transfer of political power from the West to the East driven by political realignment, relocation of trade and investment, restrategising, and remigration. It concludes that reglobalisation offers a more comprehensive framework for understanding regional transformations and their role in shaping the future of globalisation. Recommendations for future research are offered.