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Showing posts with the label Dollar Dominance

China’s Economic Triumph: Navigating Geopolitical Undercurrents

China’s Economic Triumph: Navigating Geopolitical Undercurrents China’s rise to a $17 trillion economy by 2023 defied geopolitical barriers that constrain the Global South. Through 80% strategic design and 20% serendipity, China overcame colonial legacies with land reforms and SEZs, neutralized dollar dominance with $3.4 trillion in reserves and yuan trade, and bridged the tech divide via “Made in China 2025.” It led in renewables, countering environmental exploitation, and built military strength to balance U.S. dominance. Cultural revival and global governance engagement, via AIIB and RCEP, challenged Western hegemony. The BRI secured global influence. Grassroots currents—300 million SEZ migrants and 10 million tech workers—amplified state policies. Amartya Sen notes, “China’s political strategy unlocked economic freedom” (Development as Freedom, 1999), offering a blueprint for navigating geopolitical undercurrents. Imagine a global economic arena where the rules promise fairness...

Geopolitics: The Hidden Hand That Stacks the Economic Deck

Geopolitics: The Hidden Hand That Stacks the Economic Deck Geopolitics ruthlessly distorts the global economic canvas, favoring powerful nations like the U.S. and EU while constraining the Global South, former colonies, and non-aligned energy producers. Colonial legacies lock in extractive economies, with nations like the DRC losing wealth to foreign firms. The dollar’s dominance, enforced by sanctions and debt traps, chokes non-aligned states, as seen in Iran’s GDP plummeting 10% post-SWIFT ban. Technological monopolies in AI and semiconductors widen the innovation gap, with Africa’s 29% internet penetration trailing the North’s 90%. Environmental burdens fall on the South, with Nigeria’s oil wealth enriching Western firms while 50% of its people live in poverty. Military might, via U.S. bases and proxy wars, secures economic control, while cultural hegemony—through Hollywood and English—marginalizes local models. Global governance, skewed by IMF voting and WTO rules, favors the pow...