Wednesday, March 7, 2018

Post-Globalization Economies

Dependency is a known weakness. 
Economic globalization is as harmful as addiction to oil, in particular for major powers. 
The global economic ties can vanish the leading position of the sates due to deep dependency on their economic and commercial relations with rivals. Keep in mind, the basic leverage of the U.S. in the Cold War era against the Soviet, which gave the upper hand to the Washington in this regard, was not the NATO, but absence of effective economic ties with Eastern Bloc. 
Both the U.S. and Europe need to establish an alternative to the current economic world order, in order to reduce their economic dependency on China, Russia and emerging powers including India and Brazil, to make them immune against these world political players. 
At the end, the political and economic position of the West is good enough to lead the world, but it cannot be fully achieved until they do not release themselves from economic bonds of globalization.

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