Global North and Global South at War?
Автор: Asia Times
Загружено: 2023-04-29
Просмотров: 668
Описание: The battle of the unipolar vs the multipolar world is no longer just about the US-China rivalry but is increasingly pitting the Global North against the Global South. The Ukraine war and the Russia sanctions have politicized the global north and global south divide. The new strategic competition between the global north and global south has already resulted in a profound change in the pattern of international trade. In particular, the Global South has become an even bigger creditor of the Global North. If this becomes a lasting by-product of the global realignment, it will have important implications for long-term investing, not to mention the US hegemony and the dollar hegemony. David Woo, a former top-ranked Wall Street global macro strategist and IMF economist explains.
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