Global Transformation Looms Ahead

©iStock/Chan2545

As The Nation says, "the novel coronavirus will not, of course, constitute the sole cause of the global transformations looming ahead. Powerful trends that were already underway will be amplified and preexisting fault lines will be further extenuated."

But if the worldwide developments now being seen are any indication, we can expect, among other things, an accelerated retreat from globalization (and its concomitant, American global leadership), along with the hastened emergence of semi-autonomous regional blocs—one consisting of China and its client states, another centered on Europe, and a third linking North and South America. Transnational institutions that span the continents—think, for example, of the World Health Organization—will atrophy or perish.

Read more ... from globalization to regionalization.

from The Global Small Business Blog https://ift.tt/2XhEs7c