Europe holds together well in terms of trade
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Europe is marginalized economically, but is holding up well in terms of trade. This is evidenced by the analysis of Xerfi, the French knowledge center for economics.
Why is this important?
Although the influence of the Pacific countries is slowly increasing, European trade and NAFTA trade (between Canada, Mexico and the United States) still dominate in the United States. The same applies to the European Union. Trade movement to the Pacific is gradual, while trade within the European Union and with North America is largely still.in the news. It is undoubtedly the most widely supported prediction in the field of geopolitics, according to Zervi. The balance in economy, trade, demographics, military power, and culture shifts from the Atlantic region, where prosperity and trade flows between North America and Europe are concentrated, to the Indo-Pacific region. China and India, the two rising superpowers, aim to lead this transformation.
- This global transformation is emerging at an unprecedented speed
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