First published: The Times, 27 August 2025
The post-1945 world trading system is succumbing to conflict that beckons parallels with the tensions in the 1930s over intractable current account imbalances and rising protectionism. Today, trade wars, the exercise of coercion, the weaponisation of technology, finance and products such as rare earths, and the proliferation of industrial policies reflect rising fragmentation that could, if poorly managed, become the basis for broader instability in markets, and in international relations. Read on…..https://www.thetimes.com/business-money/economics/article/the-post-1945-world-trading-system-is-breaking-down-8tws7sshx
