gopana.blogg.se - In the 19th century, south american cities become more integrated into the global economy

Well-trodden trade routes from ancient times meant that Asia and North Africa figured prominently in them.

These mappae mundi, as they are known, depicted world views informed by trade links and value systems. This point is well captured by those world maps from Medieval times. Throughout human history, economic relations and values have fundamentally shaped how we understand and interact with the world. And in a post-invasion world, it has become increasingly untenable to isolate trade from universal values such as respect for international law and human rights. Russia’s unprovoked aggression has triggered a fundamental reassessment of economic relations and dependencies in our globalised economy. The economic fallout from Russia’s invasion of Ukraine may mark a defining moment for globalisation in the 21st century. It is a pleasure to be in Washington to speak with you today. Keynote speech by Christine Lagarde, President of the ECB, at the Peterson Institute for International Economics