The Great Divergence, Chips With Everything, Africa's New Rumble In The Jungle
This week, Philip Pilkington is hammering a term he claims will soon be everywhere: "The Great Divergence".
What becomes of the global balance of power when, as seems likely in 2023, there is simultaneously a recession in the West, and a boom in the East? It's never happened before. So how will we learn to live on a two speed planet?
Meanwhile, the chip ban has failed. Touted only months ago as a major new plank in Biden foreign policy, the figures are now in: the only real impact has been to allow China to dominate the Russian semiconductor market. Trade, like life, finds a way. But didn't…
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