TMTPOST-- Tamas Hajba, Senior Advisor for the Organisation for Economic Co-operation and Development (OECD) and Head of the Beijing Office, warned of the economic risks posed by the potential division of the global economy into two distinct trade blocs. He made the remarks on Friday at the 2024 T-EDGE Conference and TMTPost Annual Economic Meeting. Hajba explained that if such a split occurs, global GDP could face a loss of up to 5%. He stressed the importance of recognizing globalization's critical role and proactively addressing the challenges brought about by this emerging trend. He recommended that businesses adopt more diversified and decentralized supply chain strategies. This approach would not only strengthen supply chain resilience but also contribute to the economic development of emerging markets.