søndag 8. februar 2026

Economic nationalism giving rise to a zero-sum world

The world we inhabit today bears little resemblance to the one imagined by the architects of the global economy at the end of the 20th century. Back then, the dismantling of trade barriers was celebrated as a gateway to shared prosperity.

Today, new walls are rising, not of concrete, but of tariffs, subsidies and export bans. The grand narrative of seamless globalization now sounds increasingly like a relic from a bygone era.What we are witnessing is not a temporary disturbance, but a tectonic shift in economic governance, one powerful enough to alter the strategic orientation of nations worldwide.

What began as sharp, provocative tweets during Donald Trump’s first term in office is proving not to be a historical anomaly, but rather the ignition point of a deeper, long-simmering transformation. To single out Trump alone, however, would be intellectually dishonest. Beneath the rhetoric of “America First” lay a profound unease over China’s rise and its perceived manipulation of the international economic system.