Part 9/17:
The shift to a multipolar global system is perhaps the most profound trend of the 21st century. It involves a decentralization of power away from the US unipolar dominance and toward a constellation of regional powers collaborating across economic, technological, and security domains.
Economic and Financial Integration
This trend is reinforced by efforts to promote multi-currency trade, wherein countries increasingly settle transactions in their own currencies rather than US dollars. Initiatives like China’s M-Bridge project and bilateral arrangements—such as the recent Indonesia-China trade agreement—are paving the way for a future where national currencies play a more prominent role in international trade.