Globalisation
is not dead, but it is definitely changing. And from Asia to Europe and
the US, this past week has highlighted that the transition to a genuinely
multipolar set of arrangements is gathering pace.
This
process has been underway for some time, of course, and partly reflects
fundamentals. As Asia rises, it is unsurprising that it will increasingly
shape the rules of the game. And there is an increasingly regional shape
to the global economy (a lesson that the UK has chosen to overlook). But
the adoption of a more inward-looking ‘America First’ stance is accelerating
the transition to a multipolar world with overlapping, potentially competing
groupings.
