The BCG report, titled 'Trade in Transition: How to Prepare for a Patchwork World Order', explores the future of global trade, identifying four possible scenarios. The predominant scenario, 'multinodal trade mosaic', suggests that trade flows will concentrate around four main hubs: the United States, China, Plurilateralists, and BRICS+ without China. It is estimated that the share of the US in global trade will decrease, while China will continue to grow, with a compound annual growth rate of 5.5% with BRICS+.
Plurilateralists, a diverse group of advanced and emerging economies, will experience above-average trade growth due to their commitment to rules-based trade. Additionally, trade between BRICS+ without China and the rest of the world will increase, highlighting a reorganization of global trade relations. BCG emphasizes that leaders who integrate geopolitics into their strategies will have the best chances of success in this dynamic landscape.
Plurilateralists, a diverse group of advanced and emerging economies, will experience above-average trade growth due to their commitment to rules-based trade. Additionally, trade between BRICS+ without China and the rest of the world will increase, highlighting a reorganization of global trade relations. BCG emphasizes that leaders who integrate geopolitics into their strategies will have the best chances of success in this dynamic landscape.
Sources
Latest News
19:50
INHGA announces that the Danube’s flow will rise to 1,550 cubic meters per second, well below the September average
19:39
Trump: The US must remain the global leader in artificial intelligence
19:17
INHGA has issued a yellow flood warning for small rivers in Galați and Vaslui
18:51
Kimi Antonelli wins the Formula 1 Spanish Grand Prix
18:40
Greece’s Prime Minister sends Turkey a message of “peace” and “dialogue,” but warns: “We do not accept threats”
See more news