The Price of Fragmentation: Why the Global Economy Isn't Ready for the Shocks Ahead.

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    • Subject Terms:
      INVESTMENTS; INTERNATIONAL economic integration; GEOPOLITICS; NATIONAL security; SUPPLY chains; DROUGHTS
    • Abstract:
      The article focuses on world is witnessing the rise of fragmentation and a process that begins with increasing barriers to trade and investment and risks reversing the transformative gains that global economic integration has produced. It mentions deepening geopolitical tensions, national security considerations and tends to make them wary of sharing technology or integrating supply chains. It also mentions drought or flood could turn millions more people into climate refugees.