Opinion | Stepping into global crisis
Summary
Wars in Ukraine and the Middle East are reshaping the global order, causing economic disruptions and supply chain crises that deeply affect countries like Nepal. The new government faces challenges ensuring energy and food security amid rising inflation and geopolitical tensions.
Key Points
- Wars in Ukraine and the Middle East are driving a shift from a unipolar to a volatile multipolar global order.
- The ongoing conflicts have severely disrupted global supply chains, causing inflation and economic challenges worldwide, especially in fuel and food prices.
- South Asian countries, including Nepal, face job and supply chain impacts due to these conflicts, especially in the Gulf region and fuel imports.
- Nepal's incoming government must navigate geopolitical tensions, secure essential imports, and rethink economic resilience including energy transition and food security strategies.
