How Globalization Came to the Brink of Collapse

Many of the advantages of economic globalization, such as increased connectivity and interdependence, also give rise to risks, such as the transmission of viruses and lack of self-sufficiency in producing essential items. Once economic globalization is seen as a complex system that involves great benefits as well as systemic risks, it is possible to think more clearly about options for managing those risks to protect against collapse. These options can include reforms that, for instance, reduce concentrated reliance on particular nodes within the system or increase redundancy of essential supplies in order to foster greater resilience.

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