Global Trade Grows but Remains Vulnerable to War and Geopolitics

Published On Oct 10, 2024, 9:00 AM

Recent reports from the World Trade Organization and a Washington think tank highlight the fragility of global trade, particularly focusing on the Taiwan Strait, which is a critical channel through which over 20% of global seaborne trade passes. The geopolitical tensions between Taiwan and China pose risks to this vital shipping lane, with significant implications for global trade and the economies reliant on it. Disruptions in this area could threaten energy supplies and other goods, reflecting broader vulnerabilities in international trade dynamics exacerbated by conflicts in Ukraine and the Middle East, along with the lasting effects of pandemic-induced supply chain issues.

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Despite the potential threats posed by geopolitical instability, investment in defense and security sectors may prove beneficial, particularly companies involved in military operations or technology that can manage or mitigate risks associated with trade disruptions.

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