GEOII 2023: China Challenges EU's Dominance as US Influence Wanes
The latest GEOII analysis for 2023 reveals a shifting landscape of global influence, with China making significant strides in North Africa and Turkey. Meanwhile, the EU maintains dominance in Eastern Europe but faces challenges from China in other regions. The US presence has waned, while Russia continues to wield influence through energy and agricultural commodities.
China's expansion has been notable, particularly in North Africa and Turkey, where it has strengthened its economic footprint. This growth has come at the expense of the EU, which has seen its influence decrease in certain areas. Despite this, the EU remains the most interconnected actor in its neighborhood, with substantial trade volumes, investments, financial integration, and agreements.
The EU's influence has waned in some sectors since 2021, with China now leading in high-tech trade and investments. This shift underscores the changing dynamics of global power. Meanwhile, the United States' interconnectedness in the region has decreased since 2017, reflecting a reduced role in the area.
The 2023 GEOII analysis underscores a region in flux, with China's expanding influence challenging the EU's traditional dominance. While the EU remains the most interconnected actor in its neighborhood, it faces new pressures from China and a waning US presence. Russia's influence persists through energy and agricultural commodities, shaping the geopolitical landscape.
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