Finance & Development - June 2022

Policymaking in a More Fragmented World
The rare confluence of geopolitical, economic, and technological forces now confronting the world may reverberate for generations. The war is thrusting us into a fraught period of geopolitical realignment, supply disruptions, food and energy insecurity, and more volatile financial markets. These shocks could shake social and political stability in some countries while weakening the ability of the world as a whole to confront its foremost long-term challenge, climate change.