The new world order that promised to bring global powers together has come undone. Sixteen charts show how.
Thirty years ago, the globe's great powers became enmeshed in what George H.W. Bush called “a new world order.” The Soviet empire collapsed, China embraced markets and the U.S. became a global cop in a more connected world.
Furniture is one window into how the supply chains worked. Starting in the early 2000s, Russia became the chief supplier of wood and wood products exported to China.In turn, China became the world’s factory floor. U.S. furniture imports from China by dollar value peaked in the financial crisis, then dropped sharply after former President Donald Trump imposed tariffs on Chinese goods.The imports pushed down costs for American consumers but also drove down jobs for U.S.
Data note: Percentage of people who live on less than $2.15 a day, 2017 prices; Data source: World Bank
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