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Transcript
00:00Do you think that level of interdependentness that we have in some ways made us more secure
00:05because we do depend on countries that we would otherwise be hostile towards?
00:09There was a hope that as we become more economically in trade integrated, rivalries
00:14will be reduced because there will be economic costs to both sides to that type of a decoupling.
00:20But unfortunately, that doesn't seem to have been the case.
00:23You know, we had the first industrial revolution in the 19th century and the first era of
00:28globalization in 1870, 1914.
00:31That did not prevent World War I.
00:33People said there cannot be World War I because there is so much trade integration among various
00:38great powers.
00:39And today we have a great trade integration within China, US, Europe, but these cold wars
00:44are getting colder and you cannot totally rule out that eventually there may be a military
00:49confrontation.
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