It is a pleasure to be in Washington to speak with you today. The economic fallout from Russia’s invasion of Ukraine may mark a defining moment for globalisation in the 21st century. Russia’s unprovoked aggression has triggered a fundamental reassessment of economic relations and dependencies in our globalised economy. And in a post-invasion world, it has become increasingly untenable to isolate trade from universal values such as respect for international law and human rights. Throughout human history, economic relations and values have fundamentally shaped how we understand and interact with the world. This point ... (full story)