International economic fragmentation

Experimental visualization of narrower problems
Other Names:
Distrusted economic co-operation
Non-cooperative economic relations
Lack of international economic coordination
Lack of economic cooperation
Economic schism
Divided economic community

The EEC/EU, EFTA, the Nordic Council, and other regional organizations outside Europe; and the groupings of nations in the OECD, OPEC and various commodity cartels - all these fragment the world economic system into a drastic play of forces that are beyond any one group of nations to control. Rivalry forces the entire global network of trade and finance to drive upwards and downwards unpredictably with consequent hardships, usually falling more heavily on the smaller nations.

Related UN Sustainable Development Goals:
GOAL 9: Industry, Innovation and InfrastructureGOAL 17: Partnerships to achieve the Goal
Problem Type:
C: Cross-sectoral problems
Date of last update
04.10.2020 – 22:48 CEST