Special reports

Deglobalisation of finance

Worlds apart

Special reports -

The American-led financial order is giving way to a more divided one, argues Joshua Roberts

A debit card with the image of a world map that's been fractured and broken up

Worlds apart

The global financial system is in danger of fragmenting

The American-led financial order is giving way to a more divided one

A piggy bank waiting in front of a barrier that says "stop"

Realignment

How crises reshaped the world financial system

A brief history of fragmentation

A glass bottle on its side with a dollar that's been folded into the shape of a boat

Cross-border investment

The movement of capital globally is in decline

Geopolitics is altering its trajectory

A table tennis table whose net has been replaced by a large debit card that’s blocking either side from playing.

Transactions

National payment systems are proliferating

That spurs competition, innovation—and cross-border frictions

A roll of dollar bills on the side, with a green toy soldier leaning out of the side

Currency wars

The fight to dethrone the dollar

Attempts to challenge the dollar have only strengthened its dominance

Rolls of bills that looks like a bundle of dynamite that's about to explode

Future shock

How the financial system would respond to a superpower war

A conflict could deal a death blow to the global financial order

Deglobalisation of finance

Sources and acknowledgments

Previous report

India’s economy

The India express

Special reports -

With the right changes, it can become an engine of global growth, say Arjun Ramani and Thomas Easton