2020 will likely bear more resemblance to the 1930s, as some of the developments which did not reach a denouement in the past year cross the finish line. Several simmering conflicts, symptoms of a global system under strain from US President Donald J. Trump’s “anti-globalist” America First doctrine, could well reach breakpoints in 2020. This may include a shift from the mere corroding of multilateral institutions and US alliances toward total dysfunction.