Disaster upon disaster threatens to fracture the worldwide economic system after many years of financial integration.
The tip of the Chilly Warfare, free commerce and technological advances have helped create a worldwide system that's delicate to what's taking place on the opposite facet of the world.
Globalisation has been credited for creating economies, growing incomes and lifting thousands and thousands of individuals out of poverty.
However the pandemic and the battle in Ukraine have uncovered the fragility of that financial interdependence.
On the identical time, globalisation has additionally been criticised for growing inequality, and worldwide charity Oxfam says the world’s richest 1 % pocketed practically twice as a lot wealth as everybody else during the last two years.
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