Globalisation – the open trading system – is fragmenting

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Philip Stephens, an associate editor, in the Financial Times: “Globalisation – the open trading system – is fragmenting; it needs an enforcer – a hegemon, a concert of powers or global governance arrangements”. Evidence: the collapse of the Doha, the demise of global free-trade agreements, and the emergence of regional coalitions and deals. The emerging economies are building south-south relationships […]