Economic Nationalism and Identity Politics Gain Ground as Liberal Globalization Declines
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The end of neoliberal globalization is apparent in trends like trade wars, nationalist movements, closed borders, and state intervention in economies.
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Economic policies are shifting as countries embrace variants of state capitalism and industrial policy, following China's model.
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Liberal democracy is eroding in the West and losing appeal abroad due to the West's selective commitment to it.
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Scapegoating of minorities and immigrants for unmet aspirations is increasing with the economic slowdown.
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Cultural insularity and retreat towards primordial identities, especially among conservative Muslim migrant communities, is on the rise.