After globalisation: What's next for a fractured world? With Neil Shearing
The Economics Show
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Navigating Globalization in a Divided World
This chapter examines the shifting landscape of globalization, highlighting the technological rivalry between the US and China since the 1980s, particularly under Xi Jinping's leadership. It analyzes the impact of US technology restrictions on China, the implications for global trade, and the emerging complexities in relationships between major economies, including a potential bifurcation into US and China-led blocs. The chapter also discusses Europe's evolving role amid these tensions, focusing on its attempts to balance dependencies while addressing its own strategic interests in technology and defense.
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