From bipolar to tripolar? US - China - EU bloc world is also possible
|Summary
Can the world divide itself into three distinct economic blocs? Absolutely. In a follow-up to our recently released bipolar world report, we now examine the global economic impact of a tripolar world. One in which the U.S. and China blocs take shape and break trade linkages with each other, but are also joined by a European Union that severs all outside trade connections. Hint: The global economic impact of a tripolar trade fragmentation is far worse and, in our view, is an entirely plausible scenario.
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