国际英语资讯:Yearender: Multiple crises-ridden West faces uncertainties_时事

国际英语资讯:Yearender: Multiple crises-ridden West faces uncertainties

Such move over the past years has created some sorts of racial resentment, caused social division and sowed seeds of unrest, violence and terrorism, which has shocked the whole Europe with a series of brutal attacks, he said.

INEVITABLE RESULTS

History consists of contingencies as well as inevitabilities. The current situation facing the West is sort of historical inevitability and a result accumulated gradually with radical changes in economy, politics and society.

Zheng Yongnian, professor and director of East Asian Institute at National University of Singapore, said capitalism has entered an adjustment phase after reaching its peak in 1800s.

Trump's election, Brexit and right-wing's popular support in Europe, all reflection of populism, can be considered as a response to capitalism in due time as the socialist movement did in the beginning of the 1900s, he said.

Zhang Yansheng, head researcher of the China Center for International Economic Exchanges, said such "black swan events" seem surprising, but actually "normal and rational," as "many people around the world thought opening up has harmed their interests, therefore, they want to reflect on the globalization, opening up and European integration."

During the globalization process, inequality has been exacerbated while innovation has been forgotten, resulting in unbalanced distribution between financial oligarchy and ordinary people, and bubbles in finance and real estate.