The last three decades, spanning the end of the Cold War through today, mark the era of the peaking of globalisation, the process of cross-border flows of multilateral trade in goods and services, as well as investments and financial resources, from FDI to investment portfolio flows. With the decline of this economic paradigm came the re-kindling of large-scale geopolitical conflicts, a bout of high inflation, a dramatic productivity and growth slowdown across both the global South and the North, and the spectre of a new Cold War. To some forecasters, it promises to be more destructive and more dramatic than…

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