Western-Led Globalization Might End, but the New Globalization Might Have an Eastern Face

Australia and many countries in Asia, including India and Japan—which are otherwise reliable allies of the United States—are unwilling to break their economic and political ties with China and Russia. The 38 countries that did not vote at the United Nations General Assembly meeting on March 24 to condemn Russia’s war in Ukraine included China and India; both of these countries “account for the majority of the world’s population,” Micklethwait and Wooldridge observe in their Bloomberg article. If the world bifurcates, “the second great age of globalization… [will come] to a catastrophic close,” the article states.

Source: Western-Led Globalization Might End, but the New Globalization Might Have an Eastern Face