Part 7/12:
Interestingly, Savik suggests that Western protectionism could ultimately be a "blessing in disguise" for the Global South. It incentivizes these nations to boost intra-regional trade, develop alternative payment systems, and pursue resource cooperation beyond Western-dominated financial mechanisms.
Economic and Financial Strategies for the Global South
One of the key strategies highlighted is the creation of resource platforms—networks that coordinate policies around critical commodities such as grains, rare earths, and fertilizers. The BRICS Grain Exchange, supported unanimously by member countries, aims to enhance trade in local currencies and increase financial flows into infrastructure projects.