It comes as no surprise that the ongoing war in Ukraine and tensions around Taiwan are affecting the whole world. How can a seemingly irrelevant country like Ukraine, or a small island such as Taiwan, cause global disruptions? The answer is in their economies.
Russia and Ukraine, together produce around 28% of the world’s fertilizer, with Russia alone producing 11% of urea and a whopping 48% of ammonium nitrate. Both substances are critical to the production of fertilizers, and with the trade restrictions between Russia and the West, the latter may soon experience a food shortage.
Taiwan is the producer of the most advanced computer chips. Do you own an iPhone or Mac? Then your chips are coming from that tiny “irrelevant” island that is close to China. They are producing the latest 5-nanometer and 3-nanometer chips, which are the most computationally powerful and power-efficient chips on the market. And this is just one, among other reasons, it has the undivided attention from 2 superpowers - China and the US.
In these hard and unpredictable times, investors and common people alike need to learn what to do with their money and what to prepare for. They need to know the most probable scenarios that will play out, in Taiwan, Europe, and most importantly in the US. The inflation and unexpected crises we will likely experience are no joke, and we all need to be prepared for them.
This week’s DDIntel
focuses on a few global events and how we may look at them from our writers’ perspectives. By reading our selected work for the past week, you will be sure to take the first step in preparing for what the future holds!