Geopolitics: A liberal’s lament

Look around the world as 2015 draws to a close, and it is hard for a liberal internationalist to find many reasons for optimism. Yes, digitally driven technological progress—from artificial intelligence to gene editing—is dazzling, and digital access is transforming the lives of ever more people in poor countries. But on three important counts the outward-looking globalisation of recent decades is in worryingly poor shape.The first danger comes from China’s slowdown. By loosening monetary policy and launching yet another stimulus package or two, China will probably avoid a hard landing.

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