Summary
The global chip shortage and port congestion crisis of 2021 made visible what economists had long warned: advanced economies were dangerously dependent on Chinese manufacturing and Taiwanese semiconductors. The political case for industrial policy and friend-shoring crystallised.
How the semiconductor crisis accelerated political will for reshoring and supply chain diversification.
Early legislative action that would become the CHIPS Act, explicitly framed as a response to Chinese competition.
Chip war drives AI governance race
Global AI Governance Race
Liberation Day tariffs ignite stagflation trap
Global Central Bank Policy