We must prepare for a more fractured world

Rana Fohoorar  |  Financial Times & CNN  |  02 February 2022

The past half-century brought about a world that’s globalised, centralised, and stratified. A stark divide exists between financial markets and the main streets of the world, and between companies and workers. There’s a simple reason for this - multinational firms can make money and hedge risks everywhere, while workers are tethered to all things local. This divide is behind our slower economic growth and polarised politics. The pendulum had swung too far towards the global. Now, it’s swinging the other way. Everywhere, a new economic order is taking shape as we enter an era of mor...

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