The article compares three possible paradigms for explaining the processes taking place in global economy and macroregions: globalisation-centred, geopolitical and geo-economic paradigms. Their focus topics are dealt with, and the limits of their explanatory capacities for comprehending the processes that are going on are discussed. It is found that although globalisation continues, the normative type of globalisation-centred approach, which requires that the states move to the background is not longer sufficient. Business and technology centred globalisation has setbacks, it can be noticed that the states have started to make stronger attempts to curb globalisation (neo-mercantilism, certain protectionist tendencies, in Ian Bremmer’s terminology: gated globalisation).
* The article is written in cooperation of the author and the Foresight Centre of the Riigikogu.