The Era of Geoeconomics Has Arrived
As China and the West square up for a new Cold War, diplomacy, geopolitics and economics have merged into one complex battlefield.
Members of the People’s Liberation Army honor guard hold a Chinese national flag during a flag-raising ceremony in 2021 to mark the 24th anniversary of Hong Kong’s return to Chinese rule.
Photographer: Paul Yeung/BloombergSubscribe to Stephanomics on Apple Podcasts
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Thirty years after the Cold War ended, a new one of sorts is emerging between China and the West, a leading economic scholar asserts. As a muscular China seeks to refashion trade and geopolitical organizations in its own image, the US and many of its allies face a key challenge: keeping Beijing on board with trade pacts and efforts to slow global warming without ceding ground on democratic freedoms.