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Europe is marginalized economically, but it is doing well in terms of trade. This is clear from an analysis by Xerfi, a French knowledge center for economics.
Why is this important?
Although the influence of Pacific countries is slowly increasing, European and NAFTA trade (between Canada, Mexico and the United States) continue to dominate the US. The same applies to the European Union. The movement of trade to the Pacific has been gradual, while trade with the European Union and North America has remained largely the same.In the message. According to Xerfi, this is undoubtedly the most widely supported prediction in the geopolitical field. The balance in economy, trade, population, military power, and culture shifts from the Atlantic region, in which prosperity and trade flows between North America and Europe are concentrated, to the Indo-Pacific region. Rising powers China and India aim to lead this transition.
- This global change appears to be occurring at an unprecedented pace
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