Economists at the International Monetary Fund (IMF) have created a model of two global trading blocs in which the world economy could break up. This was reported by RIA News.
IMF experts state the following scenario: Two blocks emerge, one led by the USA and the European Union, the second by China and Russia. There will be no interaction between the two associations, and the armed conflict in Ukraine will not be the main reason for the division into blocs.
“In recent years, trade restrictions in sectors such as commodities and semiconductors, which are considered critical to national security and strategic competitiveness, have increasingly been overshadowed by global economic integration and its overall benefits,” experts say.
In addition, the coronavirus epidemic caused trade barriers in the field of medical products and food.
Russian economists state that it is still difficult to determine who will benefit more from dividing the world into trading blocs, since the Russia-China bloc has large energy resources and rare earth metal reserves, and Eurasian countries are also included in the orbit. Problems may arise in nuclear energy due to uranium shortage in this block.
On the other hand, the Sino-Russian bloc may begin to lack cobalt, nickel, copper, palm oil, soybeans, printed circuit boards and various modern generation microcircuits produced in the so-called “Atlantic” bloc. USA and Europe.
Formerly deputy chief of the U.S. Department of Energy accepted Dependence on uranium from Russia.
Formerly at the Chinese Ministry of Foreign Affairs offered For those who think it is safe, let’s drink water from the Fukushima-1 nuclear power plant.