Martin Wolf: The long and painful journey to world disorder
▻https://www.ft.com/content/ef13e61a-ccec-11e6-b8ce-b9c03770f8b1
We are, in short, at the end of both an economic period — that of western-led globalisation — and a geopolitical one — the post-cold war “unipolar moment” of a US-led global order.
The question is whether what follows will be an unravelling of the post-second world war era into deglobalisation and conflict, as happened in the first half of the 20th century, or a new period in which non-western powers, especially China and India, play a bigger role in sustaining a co-operative global order.
