05 October 2018 / US
End of the 'flat world'
A few years before the 2008 financial crisis, journalist Tom Friedman captured the zeitgeist with his argument that 'the world is flat', that all competitors in the global economy have an equal opportunity to succeed. But if it was once possible to argue that (Western-led) politics and technology were creating a flat world, today they are combining to create a more lumpy, multipolar system. Developments in North America, Europe and the Asia Pacific region point towards the rise of more regionally-ordered trading systems.