With U.S. President Joe Biden’s latest escalation of the U.S.-China trade war, it’s clear the world is a far cry from the “Golden Age” of economic globalization that marked the 1990s and early 2000s. So how did globalization’s “golden age” come to a halt? Three major factors contributed to the global economy’s fragility.
The focus on Peruvian President Pedro Castillo’s political travails are understandable, but they have overshadowed one of the more significant policy developments from his presidency so far: a recently introduced stimulus package designed to promote flagging economic growth that backtracks on Castillo’s hard-left economic agenda.
EU leaders are gathered in Brussels, where they are locked in a heated discussion about Europe’s energy crisis. But as they try to hammer out an agreement, they’re also keeping a nervous eye on the protests brewing in France over inflation and the cost-of-living crisis, which could tip over into widespread civil unrest.
