Zeihan predicts China will be the first major country to experience “National Oblivion” due to a demographic crisis. The expert also highlights the rise of geopolitical tensions, specifically in the Middle East, which could disrupt the world’s largest source of internationally traded crude oil. Countries like Canada, Colombia, and Vietnam are potential labor absorbers due to retooled industries, ideal infastructure, and demographic structures. The conversation also addresses the importance of food security and potential disruptions due to deglobalization. Zeihan advises multinational corporations to consider China’s impending industrial capacity decline and potential labor shortages, suggesting they frontload their production to mitigate supply chain impact.
Morgan, Zeihan discusses countries with the potential to absorb labor capacity as the world economy shifts. he highlights Canada and its retooling of industries such as food processing and the automotive sector, transforming its labor force. Zeihan also mentions Colombia as the next country to watch, considering its infrastructure, labor force, and demographic structure, making an ideal partner for Mexico. Furthermore, Zeihan emphasizes southeast Asia, specifically Vietnam, as a country with a great demographic structure, educational system, and potential to leapfrog China technologically.