Financial Times on Nostr: Can globalisation survive the US-China rift? ========== The US-China rivalry is ...
Can globalisation survive the US-China rift?
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The US-China rivalry is intensifying, impacting global trade; WTO economists estimate goods trade between geopolitical blocs has only decreased by 4.2% since Russia's invasion of Ukraine; Simon Evenett from IMD Business School notes global goods trade has rebounded post-Covid; the US has pressured allies to exclude Huawei from 5G networks, with mixed results; China imposed export controls on gallium and germanium, raising global prices; US imports from China have dropped, while imports from intermediary countries like Mexico and Vietnam have increased; the infrastructure for global trade is becoming politicized, with concerns over undersea data cables; the future of global governance is uncertain amidst rising nationalism.
#Globalisation #UschinaRelations #Trade #Economics #5gTechnology #ExportControls #Geopolitics #Infrastructure #NationalSecurity #Wto
https://www.ft.com/content/611a48d5-8c1a-40de-a062-f1286499c3f3
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The US-China rivalry is intensifying, impacting global trade; WTO economists estimate goods trade between geopolitical blocs has only decreased by 4.2% since Russia's invasion of Ukraine; Simon Evenett from IMD Business School notes global goods trade has rebounded post-Covid; the US has pressured allies to exclude Huawei from 5G networks, with mixed results; China imposed export controls on gallium and germanium, raising global prices; US imports from China have dropped, while imports from intermediary countries like Mexico and Vietnam have increased; the infrastructure for global trade is becoming politicized, with concerns over undersea data cables; the future of global governance is uncertain amidst rising nationalism.
#Globalisation #UschinaRelations #Trade #Economics #5gTechnology #ExportControls #Geopolitics #Infrastructure #NationalSecurity #Wto
https://www.ft.com/content/611a48d5-8c1a-40de-a062-f1286499c3f3