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Geo-Economics
Report

Geo-Economics

Seven Challenges to Globalization


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Editorial Rating

8

Qualities

  • Innovative

Recommendation

The World Economic Forum, in this enlightening tour of a fast-changing world, says globalization is ceding dominance to “geo-economics,” an environment in which world leaders use economic weapons to settle international disputes, powerful nations squeeze out periphery countries, and governments intervene in markets. These are among the seven challenges recalibrating the world’s economic mind-set toward a multipolar range of diverging interests. getAbstract recommends this far-reaching report on global trends to investors, executives and futurists.

Take-Aways

  • After the Great Recession, “geo-economics” usurped globalization as the dominant force in world affairs. This new environment gives rise to several new challenges.
  • Recent conflicts – such as that pitting the West against Russia over Ukraine – have used economic weapons such as sanctions, trade alliances and currency manipulation.
  • Bilateral and multilateral trade agreements can produce commercial growth, but also greater polarization and competitiveness. Governments exert more control to manage state interests and to smooth cyclical ups and downs.

About the Author

The World Economic Forum engages leaders across all sectors to improve the state of the world.


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