Recent developments indicate a significant shift in global geopolitics and economics, with China asserting a more prominent role in world affairs and countries reevaluating their reliance on the US dollar. The International Monetary Fund (IMF) has highlighted a division of the world into three main blocs: US and its allies, China and its allies, and non-aligned countries. This shift is seen as a move towards a multipolar world, driven by US policies that force countries to choose sides. Concurrently, there is a growing trend of reducing dependence on Western financial systems, which is reshaping the global economic landscape. The IMF also warns that these geopolitical divides are disrupting global trade flows, creating competing economic blocs and potentially leading to a 'fundamental rewiring' of global economic systems.
Mighty dollar pushes Asian governments to boost currency protection https://t.co/t3HNS9jWRw
How China is fortifying its economy for war with the West The world is at risk of a ‘fundamental rewiring’ after Xi Jinping’s years of quiet preparation - Read the full analysis below 👇 https://t.co/NIQCK3USGy https://t.co/ykIWQc5vAT
Xi Jinping wants very much to play the role of global mediator, but does he have the credibility? Some say China has been working toward this moment for some time. Others say they got a ways to go. Great read by Maya Krainc & @connor_echols this week: https://t.co/J2NaixanOF
Dangers of dollar nationalism hang over the world economy https://t.co/pb6Z6HvSwf | opinion
BREAKING NEWS THE INTERNATIONAL MONETARY FUND IS WARNING THAT WIDENING GEOPOLITICAL DIVIDES ARE DISRUPTING GLOBAL TRADE FLOWS, CREATING SPILLOVER EFFECTS THAT ARE DIVIDING THE WORLD'S ECONOMIES INTO COMPETING BLOCS The foundation of the system is slowly changing.
An array of forces—some long-gestating, others newer—have combined to reduce the global financial system’s dependence on Western capital, institutions and payment networks, and on America in particular. This is an epochal shift https://t.co/IXpelA33dm 👇
The IMF says that world is splitting into three blocs: 🔹US and allies 🔹China and allies 🔹Non-aligned I think this is a transition stage in the path toward a multipolar or poly-centric world. It’s the US that’s using divide-and-rule policies & forcing countries to choose.
#IMF Official: Countries Are Reevaluating Their Reliance on the #US #Dollar https://t.co/U7ek1HMKvN
After decades of playing a secondary role in world politics, China is now getting used to the great power treatment, making itself visible wherever diplomacy is happening. @connor_echols and @MKrainc break down what that means for the US: https://t.co/J2NaixaVEd