Earlier this month, the world's top economies gathered in Johannesburg for the 2025 G20 Summit in South Africa, but with a twist: the United States was notably absent. 🌍❓
This year, the Global South took center stage as emerging nations pushed for a new agenda on openness, development, and fair growth. Gone are the days when the free flow of capital, tech, and talent was a given. With major Western economies tightening borders and trade, young business leaders and students alike are asking: what's next? 🚀💼
Back in the '90s and early 2000s, globalization soared. The Chinese mainland's development journey showed how opening up could turbocharge industrial upgrades and shrink global gaps. But today, economists admit they have no playbook for a partial rollback of globalization. 🤔📉
At the G20, voices from Africa, Asia, Latin America, and beyond called for fresh thinking. If the old shortcuts to growth – borrowed from past industrializers – no longer apply, how can countries still on the path to industrialization find their own routes? 🌱✨
For young professionals, investors, and travelers watching these shifts, the summit's message is clear: the Global South is not waiting in the wings. It's co-writing the rules for tomorrow's economy. 📜✏️ Stay tuned – this economic remix could change where and how the next big opportunities arise!
Reference(s):
G20 South Africa: The Global South's response to a shifting world
cgtn.com
