Part 10/12:
The Impact of US and Western Policies
Protectionist measures, including tariffs and potential sanctions, are seen as counterproductive to sustained global growth. Such policies are already causing financial market volatility and inflationary pressures in emerging markets. However, Savik posits that these pressures could catalyze the Global South to accelerate regional cooperation, resource pooling, and the development of autonomous financial mechanisms.
The BRICS and broader Global South cooperation, including initiatives like resource platforms and connected infrastructure projects, could counterbalance Western economic influence and reorient global trade flows.