The world under the test of force: war, dependencies and recomposition of international order
The news of this spring 2026 has dispelled an illusion that has structured Western economic thinking for more than three decades: that of an interdependent world but fundamentally stabilized by trade, finance, technology and institutions. The war that spread around Iran recalled that globalization had not abolished geopolitics; It had simply made it more diffuse, more systemic, and potentially more devastating.


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