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Keys of the day: The new world economic order accelerates after Taiwan. 15% of the business will change

Keys of the day: The new world economic order accelerates after Taiwan. 15% of the business will change

The geopolitical crisis created after Pelosi’s visit to Taiwan gives new impetus to the creation of economic blocs that oppose the globalization that has occurred in recent years and has been central to economic development in the West.

Taiwan accounts for 50% of the world’s semiconductor business, so it is not surprising that the importance given to the crisis that existed between China and the United States after the visit of Nancy Pelosi. Further pressure to compress the semiconductor market would plunge the world economy into unprecedented business chaos.

But the problem is bigger. The crisis emphasizes once again the importance of the blocs and the creation of an alternative to the global economic order that has existed until now. All the blocks want something from the rest and they have something that everyone wants. China, potential blockade of semiconductors and technology to slow or speed up global growth. Russia, energy. United States of America, technology. Europe, the market.

Along with this, a report from Schroders and McKinsey indicates that between 15 and 20% of business want a safer space, with countries in its bloc that give it stability and eliminate uncertainty. Which will generate new markets and business spaces with more security.

The point of deglobalization we are heading towards and the consequences for global growth are uncertain. Especially the configuration moment of the blocks.

#new world order
#China
#Russia
#taiwan
#USA
#Europe
#world order
#offworld
#uncoupling
#business
#gaeilgenuacht