In today’s world, access to global networks is a critical source of power, but the resulting interdependence can also generate vulnerability. The power flows from centrality: being a hub that connects all (or most) other nodes. The threat of denying access to such hubs can be a powerful sanction against bad actors. But if that power is abused – if asymmetrical interdependence is weaponised – participants in a network may decide to create alternative networks of their own.That is the risk the United States is currently running. It holds the world’s principal reserve currency and enjoys a central role in …read more
Source: Gulf times
