I don't think that most people have a clear idea about the world of commerce today.
Let's begin with Europe and energy. Europe is at a dead end. Germany, the main producing nation in Europe, is committed to an absurd idea of green energy. I can't waste my time describing why this is absurd. Most of my readers already understand this. It has made Germany dependent on American coal. Very expensive. At the same time they are sitting on top of natural gas. It is a political commitment that will make sure the Lefty political absurd ideas combined with no population growth result in long term low growth and pathos.
Next, Russia is irrelevant because autocracies are just consumers in a commercial age, not producers, they are all alike…. Arabia, Africa and much of Latin America.
China has a serious problem because it's natural gas is in geographically isolated and difficult locations and cannot be extracted without the help of American wildcatter's. China can’t go there these days. China is unlike Mexico. Mexico is getting the message and will soon employ American oil companies to take over its oil and gas production. Then watch North America become the energy resource capital of the world.
With a quick scan of the sources of growth in the past two decades there are only three countries that have made significant original contributions to commerce. The United States has created the gigantic world of Internet, Internet commerce, the associated telecommunications and media explosions. Japan has created the hybrid engine and the subsequent radical change in modern transportation. Japan is also a source of visual and graphic originality for young people. Israel created the modern drone, several other innovations in air warfare and much of the subsidiary elements of the Internet and telecom world.
The rest of the world has contributed very little other than style, pistachio nuts and innovations in food (mostly developed by Americans).
The rest of the world are merely cars on the train of commerce... the train is being pulled by the three engines of modern dynamism.