The liberal international order is slowly coming apart
Its collapse could be sudden and irreversible
At first glance, the world economy looks reassuringly resilient. America has boomed even as its trade war with China has escalated. Germany has withstood the loss of Russian gas supplies without suffering an economic disaster. War in the Middle East has brought no oil shock. Missile-firing Houthi rebels have barely touched the global flow of goods. As a share of global GDP, trade has bounced back from the pandemic and is forecast to grow healthily this year.
This article appeared in the Leaders section of the print edition under the headline “The new economic order”
Leaders May 11th 2024
- What companies can expect if Labour wins Britain’s election
- The liberal international order is slowly coming apart
- How “judge-mandering” is eroding trust in America’s judiciary
- The world’s most improbable success story still needs to evolve
- Threats to Europe’s economy are mounting. Finance can help fortify it
- How to pacify the world’s most violent region
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