Belt & Road: Chinese techno-nationalism in Maldives
In any case, without a political or diplomatic breakthrough, the likely scenario involves global trade becoming segmented into two categories – high-tech and low-tech goods – with some grey areas for“smuggling” but an increasing separation of the two regions. With the rise of US de-risking, trade in high-tech goods with China could be limited.
History has seen similar segregations. Drugs and weapons were once freely traded but became strictly regulated over time. Similarly, labor movement between countries, once freely allowed, is now tightly controlled. This shift occurred as the world recognized the dangers of the free movement of drugs, weapons or labor.
There’s a growing perception of the systemic…