There will be huge economic consequences of a world divided into competing blocs

We shouldn't have to wait for another global crisis to halt this geo-economic march to folly. But that seems to be our fate in the absence of far-seeing global leadership. So much for the 2020s.

U.S. President Joe Biden, left, and Prime Minister Justin Trudeau on March 24, 2023. The U.S.-led geo-economic war against China poses huge risks to the future world economy and its ability to prevent or to deal with future crises. Sadly, Canada is part of this zero-sum U.S. crusade to fragment the global system, writes David Crane.The Hill Times photograph by Sam Garcia

Opinion

BY DAVID CRANE

April 13, 2023

TORONTO—The message that the world is at a critical and dangerous point was underlined last week at the annual meetings of the International Monetary Fund and World Bank, where finance ministers and central bank governors were warned of the huge economic conseque...

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