Everyone Loses in a Fractured World
The dominance of national-security hawks continues to distort economic policy and impede the delivery of global public goods. Unless this changes, we may well find ourselves living in a world that is irrevocably split, roiled by climate change, and hurtling toward all-out conflict.
HONG KONG – At the latest annual meeting of the World Economic Forum in Davos, United Nations Secretary-General António Guterres offered an unusually frank assessment of the international order’s current predicament. With the world “plagued by a perfect storm on a number of fronts,” he said, “we need cooperation, yet we face fragmentation.”