May 27, 2022

The new globalization might have an Eastern face

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An article written by authors John Micklethwait and Adrian Wooldridge for Bloomberg on March 24 sounded the alarm to announce the end of “the second great age of globalization.”

The Western trade war and sanctions against China that predated the Covid-19 pandemic have now been joined by the stiff Western sanctions imposed against Russia after it invaded Ukraine. These sanctions are like an iron curtain being built by the United States and its allies around Eurasia.

But according to Micklethwait and Wooldridge, this iron curtain will not only descend around China and Russia but will also have far-reaching consequences across the world.



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