India, Aug. 28 -- After the new US Administration took office in 2025, the policies announced signalled that the old global economic order had ruptured. The post-World War II system - built broadly around comparative advantage, multilateral trade rules and institutions such as the WTO - gave way to a more transactional world of beggar thy neighbour and might is right.

Within months, several assumptions underpinning the global order were broken. Tariffs were weaponised. Industrial installed capacity was weaponised. Access to critical minerals, large language models, and semiconductors was curtailed. Wars disrupted energy supplies, shipping routes, and supply chains. Economic security and national security became inseparable. Sanctions cou...