For Washington and Brussels, the IMEC trade corridor linking India, the Gulf and Europe is an effort to mold the resulting partnerships in line with Western interests. However, for India, the UAE and Saudi Arabia, their participation in the project does not reflect a desire to choose sides amid an era of great power competition.
Despite being in the midst of its rainy season, Panama is experiencing one of its driest periods on record. The lack of rainfall means that the Panama Canal—a vital conduit for global maritime trade—is facing severe challenges, with the implications extending beyond Panama’s borders to affect international trade and global supply chains.
Earlier this year, the global economy experienced an important milestone that, though it went largely unnoticed, scholars may look back on as a marker of the beginning of a new era, with economic but also geopolitical significance: For the first four months of 2023, Mexico surpassed China as the top trade partner of the United States.
