Description
Global affairs have become exceedingly complex, as globalization has created intertwined networks that merged into a Global System in recent decades without attracting much attention. The Global System interacts dynamically with its environment (nature and space) and can be seen as a set of interdependent components, which also function as systems of economic, political, natural, or social nature. Given that the subsystems of the Global System — e.g., global finance, global monetary, global economy, global trade, global energy, and their structures (international and regional institutions and organizations as well as various state actors’ formations) along the global supply chains — are currently undergoing comprehensive transformations, or even crises, one cannot but expect major shifts and unforeseen higher-order effects on the Global System.
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