Globalization sees new 'variant' in wake of COVID-19, Ukraine

Priority for business, governments shifts from efficiency to risk reduction

Prime Minister Fumio Kishida speaks to Group of Seven leaders and Ukraine's President Volodymyr Zelenskyy, who gathered for an online conference on May 9. © Kyodo

AKIO FUJII, Nikkei chair of editorial board

May 15, 2022 13:30 JST

TOKYO -- When Larry Fink of BlackRock spoke about the end of globalization in late March, it drew attention around the world. "The Russian invasion of Ukraine will put an end to the globalization we have experienced over the past three decades," said the chairman and CEO of the world's biggest asset management company.