Mappae mundi, like the famous Ebstorf Map, often portrayed the holy city of Jerusalem at the centre of the world. Today, rising geopolitical tensions mean our global economy is changing. And once more, fluctuating value systems and shifting alliances are creating a new global map of economic relations.
It is still too early to say how this will play out, but one can already see the emergence of three distinct shifts in global trade. These are the shifts from dependence to diversification, from efficiency to security, and from globalisation to regionalisation. These shifts have implications for Europe.