the fact that Russia and EU have already become more dependent on each other, not mutual love, is actually preventing an all-out war against each other.

 Mar. 28, 2022  03:10 am JST

Posted in: New world order? Pandemic and war rattle globalization  See in context

The pandemic had already raised questions about the world's reliance on an economic model that has broken trade barriers, but made countries heavily reliant on each other as production was delocalized over the decades.

It means that we have enjoyed a long span of relative peace and prosperity since WWII.

Russia's war in Ukraine has raised fears about further disruptions, with everything from energy supplies to auto parts to exports of wheat and raw materials under threat.

But the fact that Russia and EU have already become more dependent on each other, not mutual love, is actually preventing an all-out war against each other.