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Responding to the new Cold War June 5, 2019

Posted by OromianEconomist in Uncategorized.
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‘Suppose the world entered a new Cold War with the United States on one side and China, on the other. The United States has carved out a sphere of influence similar to that in the previous Cold War, though with weaker control of South America and with most of Eastern Europe on its side. China’s sphere of influence comprises most Asian nations, with the notable exceptions of India, which is non-aligned but leaning towards the US, and Japan, as US ally.Africa and South America have again become a stage for proxy wars in which forces sponsored by the two sides fight over control of countries. The same applies to the Middle East, though the development of renewables and US energy independence mean that access to Middle Eastern oil is much more important to China than the United States.Russia is not aligned with either bloc but leans towards China.’

Read more at https://knowledge.insead.edu/…/responding-to-the-new-cold-w…