– Speaking on the sidelines of the Indiaspora Forum 2026 in Bengaluru on Monday, Harvard economics professor and former IMF first deputy managing director Gita Gopinath warned that geopolitics is now a permanent, transformative force in global policy. Gopinath noted that the world is shifting away from the post-Cold War era toward a landscape defined by ‘de-risking’ and defence.“Countries are increasingly building up defence capacities and securing supply chains to insource essential inputs like semiconductors and rare earths,” Gopinath explained, citing the Iran conflict as a primary catalyst. “This is a transformational change; it is no longer the world we were used to.”Israel Iran WarUS-Israel-Iran War News Live Updates: Israel says more missiles launched from Iran; Kuwait claims drone attacks by TehranTrump Talks Iran Deal Window: US president sees major points of agreement; five day period to test talks’Fake news’: Iranian Speaker says Trump’s talk claims aimed at manipulating oil marketsGopinath, who is a leading global voice on trade and investment, feels that some of change was going to happen and there will be no going back. “There has been some dissatisfaction with the global trading system for a little while now. There is dissatisfaction with what happened during the pandemic with countries that couldn’t get supplies when they were relying on imports. All of that has naturally led us to where we are,” she said. And now she feels that it is important to take a hard look at international organisations and see what changes need to be made in the context of global trade. “There are people who complain about job losses at home because of trade, and also the fact that it’s not a level playing field. It’s time to see what could a better rules-based order look like,” she said. But whether that will happen or is up in the air, in her opinion.About the AuthorIshani DuttaguptaI’ve been a journalist with The Economic Times for 25+ years; first at the newsdesk of ET, Kolkata & then as a feature writer with the ET Magazine on Sunday in Delhi. I write largely on immigration policy issues and overseas Indians. I also write on entrepreneurs in food & beverages; crafts and education sectors. I’m a Jefferson Fellow 2019 of the East-West Center, Hawaii.Read MoreEnd of ArticleFollow Us On Social MediaVideosTwo More Indian LPG Ships Pine Gas And Jag Vasant Transit Strait Of Hormuz Amid Iran-Israel War’India Moving Ahead With Resolve’: PM Modi’s Big Message On West Asia Conflict’Never Faced Such Humiliation’: Jaya Bachchan Slams VIP Culture In RS, Flags Traffic DisruptionsUS Finally Ready For De-Escalation? Iran Says Trump’s Threat To Blow Up Its Power Grid Was ‘Bluff’’100% Under Control Of Trump’: Rahul Gandhi Slams PM Modi Over West Asia Remarks In Lok Sabha’India Should Put House In Order First: Gita Gopinath’s Big Warning To Modi Govt Amid Iran WarIndia’s Nuclear Submarine Trio Is What China and Pakistan Should Pay Attention ToQawwali Meets Politics: LJP MP Shambhavi Chaudhary’s Dhurandhar Dig Targets Opposition In Lok Sabha‘Your Kindness Won’t Be Forgotten’: Iran Thanks Kashmir Donors For War Relief’India Shining Speech’: Oppn Hits Out At PM Modi’s Remarks On West Asia, Demands Discussion In Parl123Photostories5 things you probably didn’t know about the world’s highest national parkBaby girl names inspired by color red6 high-protein breakfast dishes made with paneer10 house names inspired by the sky, stars, and cosmos, with their meanings8 plants you only need to grow once for endless harvestsMost people get this wrong about BP checks: Here’s what a doctor saysWorld’s deadliest rat that can kill an elephant, and 8 other weird rodents that break every rule of natureFrom boutiques to billions: Meet India’s 8 richest fashion mogulsDon’t use ear buds or loud headphones: ENT surgeon warns of rising hearing loss in young adultsHow to make Kala Chana Kofta Curry for dinner at home123Hot PicksTrump Iran DealMohammad Bagher GhalibafSan Francisco AirportGold rate todayIncome Tax CalculatorPublic holidays March 2026Bank Holidays MarchTop TrendingGolden state warriors vs dallas mavericks injury reportPatrick MahomesJoe MazzullaColombian Military Plane CrashBrittany MahomesWWE Raw News RoundupSilver Rate TodayPahalgam hotel caseTrump Iran DealBihar Board Science Topper
Speaking on the sidelines of the Indiaspora Forum 2026 in Bengaluru on Monday, Harvard economics professor and former IMF first deputy managing director Gita Gopinath warned that geopolitics is now a permanent, transformative force in global policy. Gopinath noted that the world is shifting away from the post-Cold War era toward a landscape defined by ‘de-risking’ and defence.“Countries are increasingly building up defence capacities and securing supply chains to insource essential inputs like semiconductors and rare earths,” Gopinath explained, citing the Iran conflict as a primary catalyst. “This is a transformational change; it is no longer the world we were used to.”Gopinath, who is a leading global voice on trade and investment, feels that some of change was going to happen and there will be no going back. “There has been some dissatisfaction with the global trading system for a little while now. There is dissatisfaction with what happened during the pandemic with countries that couldn’t get supplies when they were relying on imports. All of that has naturally led us to where we are,” she said. And now she feels that it is important to take a hard look at international organisations and see what changes need to be made in the context of global trade. “There are people who complain about job losses at home because of trade, and also the fact that it’s not a level playing field. It’s time to see what could a better rules-based order look like,” she said. But whether that will happen or is up in the air, in her opinion.
