This note is the first in a series outlining the key conclusions from Fathom’s latest report, Geoeconomic implications of a fractured global economy. As part of the report, we developed a model to explore how far geopolitical alignment can be explained by economic fundamentals. We find that shared societal values matter most, but economic ties matter too. China has stronger trading links with the rest of the world but, in general, the US does a better job of translating economic ties…