The Vulnerability of Globalization to Not Just Physical, but Logical Chokepoints
Scholars of geopolitics have been talking about geographical chokepoints for decades. The Strait of Hormuz for oil, Malacca for Asia, and Gibraltar for the Mediterranean are all raised as fine examples of narrow waters that, if blocked, can bring national economies tumbling down. Their strategic values remain paramount, and their controls a matter of national security. The recent blockage of the Suze Canal, a manmade geographical chokepoint, showed just how vulnerable the world economy is when such a narrow body of water is suddenly rendered inaccessible. Billions of dollars of trade are lost and the attention of global media remains fixated on the blockage.