Geopolitics

"One Thucydide may hide another....."

The geopolitical balance had been relatively stable since the 1990s with a move from a bipolar world between the US and the old USSR to a multipolar world. Since then Russia has opened and modernized its economy, Europe became one single economic block and China has risen to the top 3 economies in the world.

While the world's balance of power seemed to be only defined by the Thucydide's Trap engulfing the U.S. and China, the war in Ukraine has triggered a number of Emerging Market powers to disalign from the Western World.

As the center of gravity of macroeconomics and now geopolitics has shifted to the East and to the South, the credibility and the hegemony of the West led by the US are openly challenged.

A Bigger Western versus Non-Western Thucydide's Trap then ?

In this section we explore the various agendas which have been in motion since the GFC and how economic power raises geopolitical ambitions.

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