Sunday, June 26, 2016
Britian's Referendum Signals A Change In The World Order
This article provides a big picture view on Britain's exit from the European Union. It links together the impacts of economic globalization, the rise of nationalism in Europe and the collapse of nationalism in favor of sectarianism in the Mid East. The West has been unable to deal with the huge surge of refugees from the war torn Mid East and the wave of immigration from Eastern Europe. A stagnant economy has also raised questions about the political leadership and economic integration in Europe. Russia has also raised questions about NATO and its ability to provide security in Eastern Europe and elsewhere. China's economic rise has also raised questions about the order that had been put in place after the second world war. Most of the economic growth has been occurring in Asia and China accounts for the lion's share of that growth.