Global Macro Research
Macro Bytes

How are the US and China weaponizing the global economy?

We discuss how economic chokepoints — from the dominance of the US dollar to China’s grip on rare earth minerals — are reshaping global power, trade, and the risks of economic warfare.

Authors
Chief Economist
Deputy Chief Economist
Chokepoints and how the global economy became weaponized

Date: Nov 10, 2025

What happens when the arteries of the global economy become tools of geopolitical leverage?

In this episode of Macro Bytes, Hosts Paul and Luke sit down with Edward Fishman, international relations scholar, former diplomat who is currently a Senior Research Scholar at the Center on Global Energy Policy, Adjunct Professor of International and Public Affairs at Columbia University, and author of Chokepoints: How the Global Economy Became a Weapon of War, to find out how nations are weaponizing financial and industrial bottlenecks.1

Some highlights:

  • Economic power without military force
  • The rise in workarounds and the new risks they pose
  • A more fragmented, uncertain world
  • Why concerns may be relevant beyond the policymakers

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Endnotes

1 Eddie Fishman. Columbia University School of International and Public Affairs. https://www.sipa.columbia.edu/communities-connections/faculty/eddie-fishman.

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This podcast is provided for general information only and assumes a certain level of knowledge of financial markets. It is provided for information purposes only and should not be considered as an offer, investment recommendation, or solicitation to deal in any of the investments or products mentioned herein and does not constitute investment research.

The views in this podcast are those of the contributors at the time of publication and do not necessarily reflect those of abrdn.

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