Geopolitical Economy Report Asia is uniting, creating a new post-West global order
Jun 7, 2025
The podcast delves into the decline of U.S. dominance and the rise of a multipolar world, focusing on China's economic ascension. Key discussions include the significance of the ASEAN-GCC-China Summit, which fosters South-South cooperation and infrastructure development. It also highlights the Global South as the emerging majority and the shift towards dedollarization and renewable energy initiatives. The Belt and Road Initiative and China's advancements in green technology are showcased as vital components of this new economic paradigm.
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Decline of Western Hegemony
- The decline of Western hegemony is a decades-long trend driven by economic shifts, not just recent political chaos.
- The Global South now represents over 80% of the world's population and over 60% of the global economy, reversing old colonial imbalances.
Global South Creates New Institutions
- Global South countries are proactively creating alternatives to Western-led global institutions.
- Institutions like BRICS and regional summits show increasing economic cooperation independent from the West.
Historic ASEAN-GCC-China Summit
- The ASEAN-GCC-China Summit in 2025 marks historic cooperation among Asia's largest economies and the Gulf states.
- It signals deepening economic integration and multipolarity in global affairs beyond Western influence.