Escalation of military-political confrontation\, trade wars likely in 2019: Eurasia Report

NEW DELHI: Increased geo-political competition between Russia, the US and China, escalation of military-political confrontation and trade wars between these three nations and the possibility of a "Great War" in the Middle East are concerns for 2019, an international study has pointed out.

"The world faces major crises in 2019 with escalation of military-political confrontation and trade wars, humanitarian tragedies and environmental disasters," according to the study 'Global Risks for Eurasia in 2019', conducted by 30 top global experts.

Highlighting the top 10 global risks for Eurasia in 2019, the study pointed out to escalation of the confrontation between China and the US; full-scale expansion of trade wars; the Great War in the Middle East; further degradation of relations between Russia and the West; "defrosting" of hotspots in Eurasia; growth of separatism and ethno-confessional conflicts; intensification of environmental and water challenges; strengthening and evolution of cyber threats; the beginning of a new arms race; and risk of major nuclear and technological disasters.

The study was prepared by the team of experts of the Institute of World Economics and Politics (IWEP) headed by its Director Yerzhan Saltybayev.

It was based on the opinions expressed by over 30 global experts and politicians, including several former heads of states and Nobel laureates. Additionally, more than 1,000 experts from 60 countries also provided inputs.

The study was presented recently as part of the fourth annual meeting of the Astana Club, an international discussion forum, held in Astana, Kazakhsta