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Breakout Nations: Ruchir Sharma

The Geopolitics of Business

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Middle Powers and Global Finance

This chapter explores the rising influence of middle powers and emerging economies on global finance, particularly the diminishing dominance of the dollar. It examines the shift towards bilateral trade in local currencies, alternative assets like gold, and the impact of geopolitical dynamics on economic stability. The discussion also highlights the political risks and uncertainties affecting both emerging and developed markets, emphasizing the importance of effective leadership during turbulent times.

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