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102 Foreign Aff. 123 (2023)
From Risk to Resilience: How Economies Can Thrive in a World of Threats

handle is hein.journals/fora102 and id is 1237 raw text is: From Risk to Resilience How Economies Can Thrive in a World of Threats ANTHEA ROBERTS In recent years, a fierce debate has raged among scholars and policy- makers about the risks and rewards of economic interdependence. On one side are globalists who argue that economic globalization remains the best route to peace and prosperity, even if it comes with some risks. On the other are nationalists who contend that West- ern countries must decouple their economies from China and other authoritarian powers to avoid dangerous dependencies and reduce the vulnerability of their critical infrastructure and supply chains. These debates tend to frame the tradeoffs in black-and-white terms: globalization versus deglobalization and interdependence versus decoupling. But such binaries have never been realistic. The COVID-19 pandemic, Russia's invasion of Ukraine, and rising tensions between the United States and China have all made Western companies and countries more wary of the risks associated with economic inter- ANT H EA R O BERT S is Professor ofGlobal Governance at the Australian NationalUniversity and Founder of Dragonfly Thinking. She is the co-author of Six Faces of Globalization. NOVEMBER/DECEMBER 2023 2 123

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