The world faces unprecedented and difficult challenges, including US-China rivalry, the Russian invasion of Ukraine, the Covid-19 pandemic, climate change and supply chain disruptions.

One consequence of these challenges is the possible division of the world economy into two or more political blocs, not unlike the situation that prevailed before the Second World War.

https://asiatimes.com/2022/09/how-to-save-the-global-free-trade-order/?mc_cid=c01584f4b8&mc_eid=9734f84cb4