Exploring the competitive dynamics between the US and China in 2020 with Ian Bremmer, Linda Yueh, and Ngaire Woods. Topics include trade war complexities, economic nationalism, technological decoupling, geopolitical risks, and the impact of the US election on US-China relations.
US-China trade ceasefire is a temporary pause in broader conflict, economic decoupling poses challenges for global dynamics.
Geopolitical issues like Hong Kong, North Korea, and Iran interact with US-China rivalry, influencing global landscape.
Deep dives
US-China Rivalry and Global Impact
The podcast delves into the rivalry between the US and China as a key factor shaping the global economic landscape for the year ahead. The discussion highlights how the clash between the two superpowers in trade, tech, and economic nationalism is poised to have significant repercussions, potentially leading to a turbulent period. The escalating tensions are driven by the quest for a level playing field by the US and China's responses to growing economic challenges.
Impact on Economic Relations and Decoupling
The podcast examines the implications of the US-China trade ceasefire and the complexities surrounding their economic relations. While a temporary agreement is on the horizon, it is perceived as a mere pause in the broader trade conflict. The shift towards self-reliance in technology by China and the potential economic decoupling between the two nations pose significant challenges for global economic dynamics and decision-making for other countries.
Geopolitical Dynamics and Escalating Crises
The discussion expands to encompass broader geopolitical issues like the situation in Hong Kong, North Korea, and Iran, detailing how these factors interact with the US-China rivalry. The evolving power dynamics and conflicts in these regions are seen as intertwined with the global economic landscape. The influence of aggressive nationalism on political decision-making and the impending US elections add layers of complexity to the geopolitical landscape, hinting at potential crises and escalations.
How the battle of the superpowers might unfold this year. Ed Butler speaks to Ian Bremmer, president and founder of the Eurasia Group, Linda Yueh, economist and author of The Great Economists, and Ngaire Woods, professor of global economic governance at the University of Oxford, and founding chair of the Blavatnik School of Government.
(Photo: Chess pieces representing the US and China. Credit: Getty Images)
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