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11min chapter
Breakout Nations: Ruchir Sharma
The Geopolitics of Business
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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