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flag Former Treasury Secretary Carney says the post-Cold War global order is over, replaced by a fragmented, competitive world.

flag In a keynote address at the 2026 World Economic Forum, former U.S. Treasury Secretary Timothy Carney declared that the post-Cold War era of liberal internationalism and globalized cooperation has ended, replaced by a more fragmented, competitive world shaped by nationalism, technological change, and regional power shifts. flag He warned that rising trade barriers, supply chain reconfigurations, and the growing influence of non-Western nations mark a permanent departure from past norms, urging countries to prioritize sovereignty, resilience, and adaptive governance in response to challenges like AI, climate change, and cybersecurity.

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