Sleepwalking Toward Accidental Conflict by Stephen S. Roach
The argument minimizing the risk of a war between major powers – that today’s globalized, interconnected world has too much at stake to risk a seismic unraveling – is painfully familiar. It is the same argument that was made in the early twentieth century, when the first wave of globalization was at its peak. NEW […]
Can Central Bank Digital Currencies Help Stabilize Global Financial Markets?: WEF
Despite the current financial market instability and cryptocurrency volatility, central banks are increasingly exploring the potential of creating digital currencies. Source link
Commentary: Geopolitics threatens to destroy the world Davos made
The conflict has shown how war can sever the economic ties on which globalisation was built. The EU is drastically reducing imports of Russian energy – fuelling inflation in Europe and threatening to make some industries uncompetitive. Russia and Ukraine are also important suppliers of grain to world markets. Their war has increased food prices […]
Globalization is not dead, but it is facing a big tail-risk, expert says
Reports that globalization is dead are overstated, a top economist says. Conventional wisdom has it that globalization will suffer in the aftermath of the pandemic and Russia’s war in Ukraine. The Biden White House’s move to reshore manufacturing and to deny China access to advanced technologies are seen as further steps away from a robust […]