Flashpoints in the Sino-American Rivalry: Whoever Controls the Taiwan Strait Controls the Global Economy

An expert's take

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Pixabay CC0 Public Domain. Focos de tensión en la rivalidad sino-estadounidense: quien controle el estrecho de Taiwán controlará la economía mundial
  1. A unipolar world where the global hegemon, the US, had unmatched global capacity and influence is morphing into a balanced, multipolar world
  2. Taiwan dominates sophisticated global chip manufacturing, and its comparative advantage should only increase
  3. Semiconductors are the new oil and Taiwan is the new Saudi Arabia: whoever controls Taiwan can effectively influence the world’s global supply of microchips
  4. The US wants to maintain the status quo, its place at the center of the post-WWII order, while China wants to regain its historical place and displace said order.