Mark Leonard's World in 30 Minutes
De-risking and its impact on the global economy
Mar 15, 2024
Exploring the shift from decoupling to de-risking in global economies, focusing on reducing reliance on China. Discussing the origins and practical implications of de-risking, as well as the impact on European countries and the global economy. Delving into subversion risks in supply chains and contrasting EU and US approaches. Exploring future scenarios of de-risking policies towards China under different US administrations, and discussing economic statecraft and British political dysfunction.
36:09
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Quick takeaways
- De-risking involves reducing reliance on China for critical goods and preserving US technological edge.
- De-risking strategies differ between China and the West, impacting global trade approaches and alliances.
Deep dives
Defining De-Risking and its Implications
De-risking is a strategic shift from decoupling with China due to its economic size and implications, seen as too big to separate from. Full decoupling may fragment the global economy and limit leverage in potential conflicts like around Taiwan. De-risking involves reducing reliance on China for critical goods, preserving US technological edge, and avoiding advances in Chinese military tech.
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