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Recent reports indicate that the liberal international order, which has governed the global economy since the end of the Second World War, is on the brink of collapse. This order, responsible for the establishment of institutions like the World Trade Organization to foster global trade and investment, is now seeing a reversal in its foundational processes. The potential collapse, described as sudden and irreversible, could lead to a state of global anarchy characterized by increased geopolitical tensions and wars, where 'might is right' and 'war is once again the resort of great powers'. The disintegration of this order could result in a world where countries and businesses are forced to align strictly within specific blocs, leading to a more volatile and impoverished global environment. Additionally, the US is noted as a significant contributor to this situation.
The institutions and rules intended to foster international trade and investment are falling into abeyance. Three big scourges are undermining globalisation https://t.co/RfCOrf43cv 👇
In today’s infrastructure-dominated world, global actors are increasingly interdependent—and seemingly small bottlenecks can upend geopolitics, writes Mary Bridges. How can U.S. policymakers adapt to this new reality? https://t.co/pD2LhobQh5
As deglobalisation gathers pace, its true costs are likely to become clear. Although these shifts have not yet had much impact on global living standards, they constitute a giant and alarming gamble. Politicians seem unperturbed https://t.co/TBwXQXGG6V 👇
A Pessimistic Economist Laments The End Of Order https://t.co/czAlX5sShD
Rising geopolitical tensions, or full-blown wars, could tug apart the global financial system. A world in which countries, investors and businesses must pick a bloc and never venture outside it would be a poorer one, and more volatile https://t.co/BtnObbstFl 👇
With globalization giving way to fragmentation, we will continue to see a greater divergence in outcomes between and within countries, writes @elerianm. https://t.co/tkbSjk8val
Institutions like the World Trade Organisation were created to remove barriers to the movement of goods and capital and so foster trade and investment. This process has gone into reverse, with the obstacles multiplying as the rules fray https://t.co/zQq1fJgmmG 👇
At first, the world economy looks reassuringly resilient. Look deeper, though, and you see fragility. If the old order disintegrates, global affairs could descend into a natural state of anarchy that favours banditry and violence https://t.co/iVc8KX2q34 👇
" The liberal international order is slowly falling apart Its collapse may be sudden and irreversible." The Economist, meanwhile, is being prepared. https://t.co/rwhTI66nAX
Surprisingly lucid article in The Economist: "The liberal international order is slowly coming apart. Its collapse could be sudden and irreversible." https://t.co/2Tv9pjwQus The irony is that, as they themselves describe in the article, the US is largely the prime culprit in the…
The liberal international order is slowly coming apart https://t.co/jYgin6PV2Y
The order that has governed the global economy since the second world war is close to collapse. A worrying number of triggers could set off a descent into anarchy, where might is right and war is once again the resort of great powers https://t.co/84A36812ge 👇
The liberal international order is slowly coming apart https://t.co/y6itHgEWDl from @TheEconomist
The Liberal Economic Order is coming Apart. "𝐓𝐡𝐞 𝐍𝐞𝐰 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐎𝐫𝐝𝐞𝐫" will be brutal https://t.co/BHNSppWfu3
Bleak rhetoric from the Economist: “For years the order that has governed the global economy since the second world war has been eroded. Today it is close to collapse. A worrying number of triggers could set off a descent into anarchy…” https://t.co/wD5vivMaNg
The liberal international order is slowly coming apart. The effect on the world economy could be fast and brutal https://t.co/pLHmDII0LT https://t.co/m8oTKXQhH9