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Geopolitical tensions have become an increasingly important source of economic and financial uncertainty. Events such as the Russia–Ukraine war, tensions between the United States and China, trade disputes, sanctions, and regional conflicts have intensified concerns about the resilience of financial systems, particularly in emerging economies, where banks play a central role in financial intermediation and remain heavily dependent on domestic funding conditions.
This paper develops a multidimensional index of geoeconomic fragmentation and examines its impact on international trade. The results show that fragmentation has increased since the global financial crisis and reduces trade, particularly across geopolitical blocs. At the same time, non-aligned countries are emerging as key connectors between blocs, suggesting that globalization is not disappearing but being reconfigured.
Carlos Giraldo, Iader Giraldo, Jose E. Gomez-Gonzalez, and Jorge M. Uribe have published the study “Climate hazards meet housing affordability: Linking environmental risks to real estate markets across the globe” in Ecological Economics. The research examines the relationship between climate conditions and housing affordability across 195 cities, highlighting stronger associations in markets experiencing greater housing price pressures.
What characterizes foreign direct investment in Paraguay? This study examines the evolution of foreign direct investment between 2008 and 2024, highlighting greater diversification in both the origin of capital and the sectors receiving investment. The findings underscore the contribution of foreign direct investment to Paraguay’s economic growth and its integration into international markets.