Is the era of global integration giving way to fragmentation? | Business Matters | The Hindu

The International Monetary Fund has been saying that the world has been going into geoeconomic fragmentation.In a note earlier this year, IMF chief Kristalina Georgieva said that at a time when we need more international cooperation on multiple fronts, we are facing the specter of a new Cold War that could see the world fragment into rival economic blocs. “This would be a collective policy mistake that would leave everyone poorer and less secure.