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Towards a New Global Financial Architecture for the Global South

Author

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  • Khan, Haider
Abstract
The main argument is that a historical nodal point has arisen with the advent of the tragic war in Ukraine and the US hostilities towards China. THE sanctions regimes of the US-led Global North have compounded the instabilities in the existing system. As the world system moves towards multipolarity, an opportunity exists for the Global South to construct through partial delinking from the post WW2 financial architecture under US hegemony. Construction of an expanded BRICS-led supra regional financial architecture along with regional financial architectures will be a good step forward. Within two decades dedollarization will become a reality. Finally, a new non-aligned movement and construction of genuinely pro-people development programs can also become a reality.

Suggested Citation

  • Khan, Haider, 2023. "Towards a New Global Financial Architecture for the Global South," MPRA Paper 118142, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118142
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    References listed on IDEAS

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    More about this item

    Keywords

    Ukraine; multi[polarity; BRICS; expanded BRICS; China; The Global South;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls

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