Lagos, Jan. 22 -- External Affairs Minister S Jaishankar on Monday said that globalization has been weaponized, designating currency, trade, and tourism as "weapons."

While acknowledging the positive outcomes of globalization, he highlighted its negative side, emphasizing the concentration of economic power in a few regions, upon which much of the world depends.

Addressing the Nigerian Institute of International Affairs in Lagos, Jaishankar noted that the world order established in 1945 persists, with those in control reluctant to create more opportunities for others.

Jaishankar said, "When I spoke about globalization and concentration a different challenge emerging out of that is how globalization itself has been weaponized that today...