Tensions continue to grow between China and the big economic powers in Europe and the United States. Russia’s invasion of Ukraine and the war between Israel and Hamas are adding global uncertainty. As new geopolitical fault lines form, some nations are emerging as winners, according to an analysis of trade and investment data by Bloomberg Economics and Bloomberg Businessweek.

Bloomberg’s Maeva Cousin and Shawn Donnan join Scarlet Fu to walk through the findings, discussing the five winners and what’s happening there.

Read more: These Five Countries Are Key Economic ‘Connectors’ in a Fragmenting World 

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This episode was produced by: Federica Romaniello and Sam Gebauer. Sound Design/Engineer: Raphael Amsili.