Roads To Prosperity:  Middle powers will make a multipolar world
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China's rise challenges US hegemony; US enjoyed economic primacy since Soviet Union's collapse; middle powers include India, Indonesia, Brazil, South Africa, Turkey, Nigeria; their combined GDP exceeds US GDP and projected to grow by 50% by 2029; middle powers reject alignment with US or China; driven closer to China due to US policies; leaders refuse to be pawns in a new cold war; Brazil proposes global wealth tax during G20 presidency; BRICS expanded to include Egypt, Ethiopia, Iran, UAE; hegemonic stability theory suggests a supervening power is needed for global economy; current major economies fail to provide necessary global public goods; middle powers can demonstrate feasibility of multipolarity; Dani Rodrik is a Professor at Harvard Kennedy School.

#MiddlePowers #Multipolarity #GlobalEconomy #China #Us #Brics #Trade #Development #ClimateChange #PublicGoods

https://theedgemalaysia.com/node/734336 

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