The U.S. must take the lead on globalization if it hopes to compete with China

The U.S. must take the lead on globalization if it hopes to compete with China
·4 min read

Global commerce is being rearranged by Western sanctions on Russia, COVID inspired hardening of supply chains and Western apprehensions about China, but none of this spells the end of globalization. It merely heightens the competition between the United States and China about who will lead. The process will disrupt the International Monetary Fund (IMF), World Bank and World Trade Organization (WTO) as big-power competition will channel through an emerging Asian-centered regime.