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Material World: How Six Crucial Substances Shape the Global Economy

Intelligence Squared

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Interdependence in Global Trade and Economic Consequences

The production of goods has shifted from the EU to the US, leading to unnoticed changes in certain countries like the UK relying on imported goods like fertilizer. Countries are heavily reliant on China for imports, with a significant portion of products coming directly or indirectly from China. This interdependence poses risks in case of conflicts or trade barriers, as disruptions in global trade could have severe economic consequences for all parties involved.

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