The global economy is going through a basic transformation, as the market for the rules that dominated eight decades allows a world where trade is increasingly armed into geopolitical ends, according to the suspension of luck. Data from Indexbox reveals that China now controls more than 75 % of the global ion lithium battery production and almost all gallium supplies, highlighting its strategic dominance in the critical sectors.
Also read: The effect of geopolitical tensions on international trade
The head of the International Monetary Fund Crystalina Georgiva warns of a divided world divided into dedicated blocks. The post -Cold War is from self -organized markets, and is replaced by the mentality of the war economy, as security is efficiently outperforming. The conflict in Russia, Ukraine, and the economic rise in China in this transformation, accelerated, with Europe dependent on Russian gas and Chinese green technology that displays weaknesses.
US National Security Adviser Jake Sullivan is now calling for strategic capitalism, giving countries priority to control of cost. The recent European Union’s acceptance of 15 % tariffs in a commercial deal with the United States emphasizes this new reality. Europe is scrambling to diversify supply chains, as Germany re -considers its “Wandel Durch Handel” approach and examining Chinese investments.
The article calls for the establishment of “NATO Trading” – new institutions to protect economic sovereignty through the available trade rules, joint investments and the security of the collective supply chain. With the death of the liberal market, the West must rebuild global trade on strategic conditions to maintain prosperity in this new geopolitical age.
Source: Indexbox Market Intelligence
