Globalisation comes to a major crossroads

The world is experiencing an epoch-making rebalancing that is not just economic but also geopolitical, writes former UK prime minister Gordon Brown

WHETHER or not one realises it, 2018 may have been a historic turning point. Poorly managed globalisation has led to nationalist “take-back-control” movements and a rising wave of protectionism that is undermining the 70-year-old American-led international order. The stage is set for China to develop its own parallel international institutions, auguring a world divided between two competing global-governance systems.