If these countries do not fall into the US sphere, I think the future will be bright for the outside world. If they do, then chaos will in the world. And I do think that's the two outcomes - either prosperity with the globe beyond US influence, or chaos with it.
What I like to say is the, "If," part of the concluding paragraph to the post.
There is the trade war.
There is the tech war.
Now there is real war.
Which side are people on?
China is already the biggest trader to the majority of nations in the world, and that will only get bigger because the Chinese economy is still growing strong, therefore it will import and export more.
China is already the largest manufacturing center in the world, bigger than, the US, Germany, Japan combined. China manufactures all types of goods high tech and low tech, that other countries want. Case in point, the UAE rejected their F-35 deal because they choose Huawei 5G. The Americans made the Huawei 5G fight a binary choice.
Military blocks, that depends on what an individual country believes is best for them.
The trade war, most countries are on the side of China, or on the side of China and America, both sides.
The tech war, most countries are on the side of China, or on the side of China and America, both sides.
The military blocks, that is almost like asking a country to choose between development and militarization. UAE made its choice.
So I agree with you, that those are the choices.
What I disagree about, it is not "If," as that this has already happened.
To choose a side, according to the Americans, is like exclusivity. If someone is truly on the US side, then they would ban Huawei like the Australians.
The Americans are only left with the choice of strong arming countries to choose the American lead military alliance, and sacrifice that country's economic relations with China.
It is literately a choice between peace or war!
I am an ethnic Chinese, and Chinese people are positive! That will never happen!