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Bangkok Post
Bangkok Post
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Economics in the new age of national security

Taiwanese navy ships in Keelung, Taiwan. Taiwan's defence ministry said Chinese ships and planes had crossed the informal median line in the Taiwan Strait. NYT

The global economy has entered a new age of national security. The Covid-19 pandemic highlighted the vulnerability caused by overreliance on global supply chains and the failure of coordination in tackling global health risks. But what has really ushered in this new era is Russia's unprovoked invasion of Ukraine and sabotage of the global economy.

Beyond its human and economic toll, the war in Ukraine has sharply increased the divisions between the Western and Eastern geopolitical blocs centred around the United States and China, respectively. Russia has weaponised its energy and food exports to divide Europeans and has sought to stoke anti-Western sentiment in developing countries.

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