The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises.
Instead, many of the world’s biggest powers are now intent on undermining one another, with unsettling economic implications.
“There is a level of weaponizing the economy that we have not seen for, perhaps, decades,” said Adam Posen , president of the Peterson Institute for International Economics.
“You’ve got G-20 economies actively trying to harm other G-20 economies.
This is a different world.”