Global clusters were in formation even before the pandemic. The pandemic has further deepened the clusterisation of centres of the World. We now have 3 different centres Europe, Asia and America. Trade was already getting regional and now it has gone further to get ever increasingly regional.
North America , Europe and Asia being the 3 centres of the world, Asia seems to be benefitting the most from clusterisation. North America has very limited growth,. Europe has negative growth also but Asia countries mainly China seem to grow at an unprecedented growth rate. Also the dependence on trade with other centres is limited as far as other countries are concerned.
With the banning of Chinese products in some countries and post pandemic countries not preferring the having their supply chains concentrated in China, South east Asia are bringing in various supply chains, the production however continues to be carried out in China. The products are only either assembles in South East Asian countries or they are packaged there. South East Asian countries being a part of Trans Pacific trade deal only helps to strengthen trade with North America which further increased Dollar profits for Asian Countries further strengthening their GDP.
The world is no more bipolar like it used to be. It is now multi polar. There are more than 2 centres of the world other than east and west. The future however looks gloomy for north america and Europe and extremely positive for Asia simply for their protectionist policies and major technological innovations.
North America , Europe and Asia being the 3 centres of the world, Asia seems to be benefitting the most from clusterisation. North America has very limited growth,. Europe has negative growth also but Asia countries mainly China seem to grow at an unprecedented growth rate. Also the dependence on trade with other centres is limited as far as other countries are concerned.
With the banning of Chinese products in some countries and post pandemic countries not preferring the having their supply chains concentrated in China, South east Asia are bringing in various supply chains, the production however continues to be carried out in China. The products are only either assembles in South East Asian countries or they are packaged there. South East Asian countries being a part of Trans Pacific trade deal only helps to strengthen trade with North America which further increased Dollar profits for Asian Countries further strengthening their GDP.
The world is no more bipolar like it used to be. It is now multi polar. There are more than 2 centres of the world other than east and west. The future however looks gloomy for north america and Europe and extremely positive for Asia simply for their protectionist policies and major technological innovations.
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