Part 7/13:
This fragmentation is driven by escalating geopolitical tensions, especially with the U.S. perceiving China as a principal strategic rival. The U.S. allies—comprising most advanced economies—align predominantly with American interests, forming a bloc that accounts for roughly 68% of global GDP at market exchange rates (and about 50% at purchasing power parity). China, meanwhile, maintains a smaller yet strategically significant partnership network, primarily with Russia and a few other nations.