The end of the age of globalisation

The economic consequences of Russia’s bloody and despicable assault on Ukraine are very much a secondary consideration to the immediate human and geopolitical implications. And since the various national responses to the conflict are still so fluid, it is far too early to be able to identify the war’s precise longer-term economic effects. Nevertheless, it is possible to suggest tentatively what could unfold on the international economic front. While today’s military confrontation appears to revive US leadership of the old West, because of its dominant military capabilities, in the longer term it is likely to speed up the shift to a post-American world. The invasion could hasten the demise of the US-led economic order.

Read the full article here.

One thought on “The end of the age of globalisation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s