Economic panorama after the pandemic and the war.- Pablo Pardo
COVID-19 and the Russian invasion of Ukraine are going to leave an indelible mark on the world economy, ushering geostrategy into global economic policy.
These crises have not created major new trends, but they have greatly accelerated those that were already appearing, dramatically accentuating the increase in State intervention in economies and encouraging the digitization process.
This supposes a modification, perhaps irreversible, of the globalization that began after the end of the Cold War, leaving regional integration practically paralyzed throughout the world. It also poses a world with more inflationary nipples in the medium and long term.
New questions have been raised about the preponderant role of the West in the world economy, the viability of the economic model of the European Union and, especially, of Germany; as well as on the effectiveness of the Chinese economic model, something that was unthinkable before the arrival of COVID-19.
Thus, the world economy is facing a period of more uncertainty, marked by geopolitics, with leaders being less leaders and the same —or greater— disruptions caused by technology than before 2019.
Document prepared by Pablo Pardo. Journalist
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