As U.S. tariffs reshape global trade dynamics, countries from the Global South are spearheading efforts to build a more equitable economic framework, says Brazilian scholar Marcos Cordeiro Pires. The SĂŁo Paulo State University professor emphasized the urgency of collective action during a recent interview with CGTN, arguing that current geopolitical shifts demand 'structural changes to globalization itself.'
Redesign or Stagnate?
Pires highlights how recent U.S. tariff hikes on key imports disproportionately affect developing economies: 'This isn't just about trade balances—it’s a wake-up call for the Global South to redefine its role in multilateral systems.' He points to growing South-South partnerships and regional blocs as blueprints for collaborative growth that sidesteps traditional power structures.
Implications for Emerging Markets
Young entrepreneurs and tech innovators in G20 nations are watching closely. A decentralized, inclusive global economy could unlock opportunities in green tech, digital infrastructure, and cross-border startups—sectors where developing nations hold competitive advantages. Pires stresses that 'shared innovation, not aid, will drive lasting change.'
A New Playbook for Globalization
The push aligns with broader demands from activists and thought leaders for sustainable, community-driven development models. As digital nomads and global citizens increasingly bridge cultural divides, Pires' vision reflects a generational shift: reimagining international systems to prioritize equity over extraction.
Reference(s):
cgtn.com
