Current trends in globalization include increased economic interdependence and integration, the growth of multinational corporations, the liberalization of trade restrictions, and technological advancements that facilitate international communication.
The global economy is unlikely to return to a mercantilist stage due to the numerous benefits of free trade and market liberalization. Free trade helps increase competition among producers, resulting in lower prices for consumers. It also leads to an increase in efficiency as firms are forced to produce more efficient goods if they want to remain competitive.
Furthermore, free trade encourages investment by providing access to new markets, increasing job opportunities across countries, and allowing greater choice for consumers. Overall, these benefits of free trade make it unlikely that the global economy will return to a mercantilist stage any time soon.