Easternization and Import Substitution Strategies Consequences for the Global Economy
The beginning of the 3rd millennium showed that the end of history did not come simultaneously with the formation of a unipolar world. Thirty years of orientation of the world and Russian economies to the Western liberal model led to disappointment in the illusions (“one best way”) of the late 1980s and early 1990s and to a gradual realization of the role of diversity and diversification as a factor in survival and development. Global innovative growth reflects the demand of mankind for the economic system as a subsystem of society responsible for meeting constantly updated needs, and such growth is possible only in a multipolar world. If during the post-war years, in the second half of the 20th century, there was a westernization of socio-economic models, then with the beginning of the 21st century, the global economy is moving towards westernization and an attempt to balance the bias from the “golden billion” to the wellbeing of several billion people living on the planet. The article shows the impact of import substitution strategies and reorientation to the eastern regions based on the analysis of a number of cases of import substitution in China and Russia, conclusions are drawn about the possible trajectories of the development of the world economic system in a multipolar world with the preservation of national-state interests along with the construction of transnational supply chains.