Are the ”wrong trousers” here again, but now enabling the war in Ukraine?
New geopolitical, bipolar structure seems to be speeding up. We build stronger alliances with those who share the same understanding of the world. The US secretary of treasury, Janet Yellen expressed that the US would now favour “the friend-shoring of supply chains to a large number of trusted countries” that share “a set of norms and values about how to operate in the global economy”.
Although such a development makes it easier to play in your own sandbox, it creates new risks as you do not understand what is happening in another sandbox. Our value systems might hinder us from correctly assess the dynamics in e.g. Asia and how China’s position is evolving.
Senior Advisors Mikael Paltschik and Heini Kaivola shares their reflections on the latest Capful blog post.