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4、readers on a unique journey through the paradigm shift that the Ukraine war has accelerated.The wave of mega investment projects that has been mounting in the US,and to a lesser extent in Europe,is the most glaring effect of that shift.Since the start of the Covid-19 pandemic,Western policy-makers h

5、ave felt increasingly anxious about the overdependence of their economies on China for critical technologies and minerals.When Russia invaded Ukraine on February 24,2022,they stepped up efforts to design industrial policies aligned with the resulting,increasingly fractious geopolitical order.Lured b

6、y the generous incentives promised by the likes of the US Inflation Reduction Act and the EU Green Deal Industrial Plan,multinational enterprises have committed billions of dollars to relocating parts of their production base.Economies of scale and automation are inevitable components of their calcu