Globalism 2.0

Episode 26.  Democracy on the Wane

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  • Latin America has been largely overlooked by investors and major powers, but that might be changing as resources, market access and geopolitics promise a RESET for the region – with China looking to capitalize.
  • China’s OTHER global disruption project – the Digital Silk Road – will underpin the better-known Belt and Road Initiative. The Digital Silk Road is built around a digital yuan, which is a Central Bank Digital Currency (CBDC)  If it works, China will emerge as a global financial superpower – leapfrogging incumbents in the US and Europe.  If it fails, the BRI will be rendered little more than another empty public relations scheme.
  • Democracy is in retreat in developing (and devolving) economies around the world. The rise of DINO (Democracy in Name Only) economies in SE Asia and Latin America play to China’s strengths, and put Western front line managers and negotiators at a serious competitive disadvantage.
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    Globalism 2.0By globalism2 / Andrew Hupert