The Security Threat To The Global Economy

THE global economy faces many threats, but security, or geopolitical risk, is perhaps the most profound; it was a world war, after all, that ended the first great era of globalisation in 1914. As pointed out in this blog before, there are some parallels with the pre-1914 era; globalisation seems to provoke a reaction because of the changes it thrusts on to the social and economic order.