Provenance
This standalone page was migrated from the February 2026 compendium corpus.
The following 20 terms recur most frequently across the analysis. Full definitions are in Part 8 (Glossary).
| Term | Short Definition |
|---|---|
| Five Factors | Country-level survival screen: food, energy, technology, demographics, security |
| Secure and Control | The policy imperative to guarantee access to critical inputs, replacing lowest-cost sourcing |
| Deglobalization | Structural breakdown of the post-1945 integrated trade system; a multi-year process, not an event |
| Critical Manufacturing Sovereignty | Domestic control over strategic industrial capacity — the economic expression of national security |
| REMM | Rare Earth Elements, Minerals, and Magnets — treated as a standalone chokepoint category |
| Chokepoint | A narrow, hard-to-substitute control point in a supply chain, route, or process |
| Process-Level Monopoly | A single-supplier bottleneck within an industrial stack (e.g., specialty semiconductor material) |
| UCI | Underwater Critical Infrastructure — subsea cables, pipelines, and sensor networks |
| Malacca Dilemma | China’s strategic vulnerability from heavy maritime dependence on the Malacca Strait |
| Crisis Management Investing | State spending into strategic sectors under high-debt conditions — necessity, not discretionary stimulus |
| Clarity Over Certainty | Decision rule: prefer identifiable strategic direction over false precision in unstable systems |
| Old World vs. New World | Price-first allocation (old) vs. sovereignty-risk-first allocation (new) |
| Trade vs. Investment Horizon Rule | Months = trade; 5-20 years = investment theme |
| Counter-Investing | Portfolio approach: core market exposure + dedicated sleeve for sovereignty bottleneck themes |
| Capital Repatriation | Policy-driven return of overseas capital to home jurisdictions for strategic deployment |
| Pension Fund Mandates | Rules directing pension capital into domestic strategic sectors |
| Yen Carry Trade | Leveraged strategy borrowing low-cost yen; treated as systemic vulnerability at scale |
| JGBs | Japanese Government Bonds — long-dated maturities monitored as global plumbing stress indicators |
| Crowding Out | Sovereign debt issuance raising borrowing costs for corporates, forcing state backstops |
| Sphere of Influence | Major powers consolidating resource and security control in their own geopolitical zones |