Is the world retracting from globalisation?

Over the past 25 years there has been lots of research and debate about the concept, the history and state of globalisation, its various dimensions and benefits. The World Economic Forum has set out the case that the world has experienced four waves of globalisation. In a 2019 publication it summarised them as follows.

This split is contributing to complex geopolitical challenges, which are slowly leading to changes in trade partnerships and regionalism. Europe is already looking for new suppliers for oil and gas and early indications of the potential expansion of the Chinese influence in Asia are evident.

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