Over recent years, a notable shift has been observed in the global economic and cultural exchange trajectory, marking a departure from the rapid pace of globalisation towards what is increasingly termed ‘slowbalisation’ in economic literature.

Slowbalisation is the perceived trend away from the rapid globalisation that characterised much of the late 20th and early 21st centuries towards a slower, more localised, and even regressive approach to economic and cultural exchange. This concept suggests weakening political support for open trade amid increasing geopolitical tensions – a shift from the intense interconnectedness and interdependence of global economies and societies towards a more measured, cautious, or localised approach.

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