As the U.S.-China competition for technological hegemony intensifies, there is a growing trend of the reshuffling (decoupling) of the supply chain between the U.S. and China, especially in high-tech industries. Additionally, the diplomatic strategies of the U.S. and China are leading to the consolidation and confrontation of democratic and authoritarian camps. The recent Russian invasion of Ukraine and the subsequent economic sanctions against Russia further highlights such dynamics.
This report analyzes such trend in the international order and examines the geopolitical implications of the Ukraine crisis as an extension of the U.S.-China rivalry. The possibility of bloc formation in the global economy, an alternative global financial system centered around the authoritarian camp, the potential conflicts between energy transitions and energy security, and the intensification of confrontation between the democratic and authoritarian camps are examined. Based on these discussions, the report derives implications for economic security and the international strategic landscape.
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