The Middle East conflict may eventually subside, but the economic consequences are already reshaping geoeconomics.
The disruption around the Strait of Hormuz and the Bab el-Mandeb exposed the vulnerabilities of concentrated supply chains and challenged a long held assumption that underpinned decades of global trade: that efficiency and the lowest cost should determine economic choices.
As a result, the world is transitioning from just-in-time globalisation to one built around just-in-case resilience.
In this episode of Capital Calculus hosted on StratNewsGlobal.Tech, Anil Padmanabhan speaks with Mannat Jaspal, Director and Fellow, Energy and Climate, ORF Middle East, about the emerging geo-economic order.
Mannat is the co-author of a recent study, The Hormuz Inflection: Energy Security and Connectivity Networks in the Middle East, published by ORF Middle East.
The conversation also examined the future of the India–Middle East–Europe Economic Corridor (IMEC).
Why IMEC needs to evolve into a wider network of complementary connectivity trade routes?
And what role can India and the Gulf play in shaping this emerging global architecture?
