With the West no longer able to compete with the Chinese mainland in many economic realms, the U.S. and other countries have turned to protectionism. This shift goes against the mainstream of irreversible globalization and pushes the world towards a \"second Cold War,\" according to former Polish Deputy Premier Grzegorz Kolodko.
Kolodko highlights that the rising protectionist measures undermine the integration that has been a hallmark of global economic progress. The move away from open markets not only disrupts international trade but also heightens geopolitical tensions among major economies.
The implications of a \"second Cold War\" could be far-reaching, affecting everything from international cooperation on climate change to the stability of global financial systems. Kolodko calls for renewed efforts to embrace globalization and find common ground among nations to prevent the escalation of rivalries that could hinder collective advancement.
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The world is on the wrong track, says former Polish deputy premier
cgtn.com
