Neil Shearing is the group chief economist at London-based advisory firm Capital Economics, having previously worked at the UK Treasury. His new book, The Fractured Age, was chosen by Financial Times commentator Martin Wolf as one his top books 2025. In it, Shearing sets out why he sees the world economy splitting into two camps led respectively by the U.S. and China, even though globalization itself is not going into reverse. This is an edited transcript of our recent conversation about the boo
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