Title: Why the CPTPP could be an impetus for the new globalisation

Authors: Dimos Chatzinikolaou; Charis Vlados

Addresses: Department of Economics, Democritus University of Thrace, Komotini, 69100, Greece; Knowledge Management, Innovation and Strategy Center (KISC), University of Nicosia, Nicosia, 46 Makedonitissas Avenue, CY-2417, P.O. Box 24005, Cyprus ' Department of Economics, Democritus University of Thrace, Komotini, 69100, Greece; School of Business, University of Nicosia, Nicosia, 46 Makedonitissas Avenue, CY-2417, P.O. Box 24005, Cyprus; Knowledge Management, Innovation and Strategy Center (KISC), University of Nicosia, Nicosia, 46 Makedonitissas Avenue, CY-2417, P.O. Box 24005, Cyprus

Abstract: This paper investigates the comprehensive and progressive agreement for trans-pacific partnership (CPTPP) as a potential driving force for the emerging phase of globalisation, termed the 'new globalisation'. It introduces the 'new globalisation scenario matrix' (NGSM) to assess the CPTPP's role within this framework. Our study finds that the CPTPP aligns with a medium-high performance scenario, notably emphasising environmental regulations that both counter climate change and anticipate challenges arising from increased cross-border trade and enhanced regional integration. As the world navigates pressing challenges today, the CPTPP emerges as a potentially important player, promoting trade liberalisation while upholding environmental protection, and pointing the way for future international accords.

Keywords: CPTPP; new globalisation; environmental regulations; trade liberalisation; evolutionary structural triptych; EST; new globalisation scenario matrix; NGSM; International Political Economy; IPE.

DOI: 10.1504/IJGENVI.2025.155197

International Journal of Global Environmental Issues, 2025 Vol.24 No.4, pp.332 - 356

Received: 09 Oct 2023
Accepted: 07 Oct 2024
Published online: 29 Jul 2026 *

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