Three lessons from two years

Hard new questions for policy makers in a post-Ukraine War world

In the two years since the Russian Federation sent tanks into Ukraine, how has the world changed? What are the implications for future national policies, both geopolitical and geo-economic? Is this simply a European war with few implications for the rest of us, as long as we can manage the spillovers into food and fuel supply chains? I think not. There are in fact three trends that will need us to shift how we think about policies at the national level, particularly in India.

First, the world is more — not less — fragmented than earlier. There was a sense in