The Great Fragmentation
After decades of economic integration, the growing tensions between the West and China are fragmenting global trade. In the midst of a climate emergency that demands unprecedented international cooperation, this trend threatens to undermine our ability to address climate change effectively.
LONDON – Geopolitical pressures and other non-economic factors have put the global economy on a path toward fragmentation. Beyond its inherent risks, this trend will not only have profound implications for economic stability and growth but also could jeopardize efforts to combat climate change.