For decades, African economies have operated within a system of rules established without their participation. Credit ratings, which dictate the cost of borrowing, are assigned by three Western agencies. Trade is conducted in dollars via SWIFT—a system that, as it turns out, can be switched off for political reasons. Today, that order is no longer […]

The strategic choice facing India, the UAE, Saudi Arabia, and other large developing economies does not just boil down to choosing between BRICS and the West. These countries continue to follow a multi-vector policy, aiming to simultaneously reap the benefits of cooperation with BRICS, the G7, the EU, and regional institutions. However, it is important […]