The world is changing quickly and splitting into different groups, alliances, and trade areas—a trend that could, among other things, reshape supply chains, defence procurement and preferential trading areas.
This article by Abishur Prakash, writing for Politico, makes the following points:
- A new geopolitical bloc is forming in Latin America; this new ‘lithium alliance’ would include Mexico, Argentina, Bolivia and Chile.
- In the Indo-Pacific, the United States has proposed ‘Chip 4’, a semiconductor alliance with Japan, South Korea and Taiwan.
- Meanwhile, in the Middle East, Israel and the United Arab Emirates (UAE) have joined with India and the US to launch ‘I2U2’, a new bloc to advance innovation.
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