Dambisa Moyo, an international economist, is the author of four New York Times bestselling books, including Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and How to Fix It.
Whether investors and companies choose to divest their Chinese assets, accept sunk costs or double down to wait for a Chinese resurgence, they will have to be innovative to cope with the quick-changing terrain.
Today’s global inflationary surge is fuelled by a mix of domestic demand, supply chain disruptions and the effects of the Ukraine war on fuel prices. The US is uniquely positioned to overcome this, owing to its relative energy independence, abundant immigrant labour and strong production capacity.