The world is likely to avoid a major technology split despite rising global tensions, but better outcomes require multilateral efforts. By staying above the Sino-US fray, the rest of the world can help forge a new consensus based on shared technological progress.
So much for the ideological struggle now that the US is straying from the path of free enterprise in its industrial policy, and the Group of Seven is taking a page out of Beijing’s Belt and Road Initiative.
Asia’s internal differences leave it susceptible to outside intervention, and that stops it from realising its full potential. That the divides remain so pronounced shows political development lags behind economic development. The region must learn to stand on its own feet.