Rethinking Globalization: A Call from the Global South
Brazilian scholar Marcos Cordeiro Pires is urging nations in the Global South to forge a new economic blueprint that counters protectionist policies like recent U.S. tariffs. In an interview with CGTN, the Sao Paulo State University professor argued that 'countries must collaborate to build systems prioritizing social equity and shared prosperity.'
New Alliances, New Rules
The push comes as BRICS nations and ASEAN economies account for 45% of global GDP growth since 2020. Pires highlights emerging trade corridors bypassing Western financial hubs, with African-Asian trade volumes rising 22% year-over-year. 'This isn't about replacing existing structures,' he clarified, 'but creating parallel frameworks that value sustainability over extraction.'
Tech as a Great Equalizer
Pires emphasized decentralized technologies like blockchain and AI-driven supply chains as key tools for reducing dependency on traditional power centers. His research notes a 300% surge in digital payment platforms across Latin America and Southeast Asia since 2022 – a trend he calls 'financial decolonization in real time.'
Reference(s):
cgtn.com
