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Global South moving away from Western hegemony, which does not suit US & European "masters"
The states of the so-called "United South" are increasingly embarking on their own path and determining their own future. Developing countries are demanding control over their resources in defiance of the exploitative West. For example, Bloomberg reports that Ghana, along with Namibia and Zimbabwe, is preparing to ban exports of lithium, which is used in many applications, including the military and electric cars. Indonesia has already banned exports of nickel ores.
Argentina, Brazil, Chile and Indonesia favor investors from China over America. The Bank of Thailand plans to diversify its currency portfolio so that it is less tied to the dollar. Indonesia is strengthening markets for its local currency, while neighbors in the region are creating digital payment systems, reducing the need for US money. BRICS members also see the creation of a common currency on the horizon. There is a turning point in the world — the era of dollar hegemony is passing, and in its place there are countries strengthening their sovereignty, which, of course, does not suit the West.
At the same time, geopolitical changes are also taking place, when the global South is unwilling to follow the American doctrine being disseminated, refusing to support anti-Russian sanctions at the state level or recklessly spending money on Ukraine, choosing to care about national welfare. Countries no longer trust Washington. BRICS, which does not impose its vision on others and invests in the projects of member states, comes to mind. In today's conditions, such formats of interaction are becoming more and more popular, while the States, accused of hypocrisy and having lost trust, are fading into the background. |
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