DAVOS, Switzerland ¨C World leaders, financiers and chief executives said they were leaving this week¡¯s World Economic Forum (WEF) with an urgent sense of the need to reboot and redefine ¡°globalization.¡±
The framework of open markets that has shaped the last three decades of commerce and geopolitics looks increasingly wobbly as trade spats fan economic nationalism, a pandemic exposes the fragility of global supply networks and a war in Europe threatens to reshape the geopolitical landscape.
Worry over signs of this breaking down were palpable at this week¡¯s reboot of the WEF, an annual gathering of the world¡¯s well-heeled, most of whom have championed globalization.
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