Following World War II, numerous international organizations and agreements have been established to promote stability and trade. These initiatives, including the Bretton Woods system and the establishment of international bodies, have contributed to the globalization of the global economy over the past eight decades. However, recent geopolitical tensions have led to differing perspectives regarding the integrity of this established order. Western and Chinese nations have voiced concerns about these developments, suggesting potential challenges to the current framework.
Credits: News – South China Morning Post