Until the early 2000s, the liberal order – intended here as the political, economic, and institutional configuration underpinning liberal Western democracies and global economic integration – appeared to follow a stable and predictable path. Economic globalization advanced steadily, powered by improvements in information technologies and trade liberalization. Together with multilateral institutions and growing cross-border interdependence, these factors were regarded as cornerstones of modern development. Yet, this apparent stability has been increasingly called into question.
Download and read the full article:
