Searching for a new global development trajectory after COVID-19

Dimos Chatzinikolaou, Charis Vlados

Research output: Contribution to journalArticlepeer-review


A growing number of policymakers and scholars refer to the current COVID-19 pandemic crisis as a turning point in the evolution of globalisation. Following these interpretations, a relative theoretical deficiency in analysing the contour of the newly emerging global development perspective is identified. We explore the post-war evolution of world capitalism (from World War II and beyond), focusing on the following pillars: the formation of international regimes, the generation of main types of innovation, and the successive articulation of world development and crisis phases. The current transition period of the post-COVID-19 era constitutes, in its essence, a mutational crisis of the global accumulation regime and mode of regulation, accelerating the transition towards a 'new globalisation'. The generation and application of functional, institutional, and organically perceived business innovation seems to constitute the main component for a sufficiently re-stabilised new global development trajectory.
Original languageEnglish
Article number3
Pages (from-to)39-58
Number of pages19
JournalInternational Journal of Global Environmental Issues
Publication statusPublished - 11 May 2022


  • global development model
  • globalisation
  • new globalisation
  • capitalist crisis
  • socioeconomic transition
  • innovation
  • 2008 financial crisis
  • 2020 pandemic crisis
  • economic development


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