The Great Global Crack-Up
To ensure that we do not squander the gains of the last three decades of globalization, let alone undermine our ability to confront the challenges of the future, we must find ways to uphold some level of economic integration and effective international cooperation. But overcoming the forces of fragmentation will not be easy.
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LONDON – The world is at last waking up to the ways in which economic interconnectedness amplifies the risks of geopolitical turmoil. But while there is good reason for countries to boost resilience, a wholesale shift from integration to fragmentation, driven by geopolitical hostilities, bodes well for no one’s peace or prosperity.