The article examines the transition from neoliberal globalization to economic nationalism and its impact on the global economy. It explores the shifts in capitalism's old and new centers, the rise of state power and hybrid economic models, the decline of the U.S. empire, and the potential emergence of a new world economy led by China and the BRICS nations. It also emphasizes the importance of countries reevaluating their economic and political policies in light of these changes.