Neo-liberal consensus declines due to COVID-19, nationalism, and trade barriers, impacting trust in institutions and global relations.

The neo-liberal consensus, established post-World War II, is declining due to the COVID-19 pandemic, rising nationalism, and trade barriers. This shift has caused decreased trust in institutions and economic instability. The U.S.-China trade relationship has notably evolved, with increased imports from China despite Trump's protectionist policies. The article suggests a political revolution is underway in advanced economies, leading to an uncertain future for democracy and global relations.

October 20, 2024
4 Articles