The geopolitics of money is shifting up a gear
If Western countries and firms want to stay in charge of global payments they have to modernise how they happen
IN THE PAST few years the Western-led infrastructure behind globalisation has fallen into disrepair even as China has been building credible alternatives. The World Trade Organisation is in tatters, the IMF and World Bank are struggling for relevance and tarnished by scandal, and no one can agree on global rules to govern technology.
This article appeared in the Leaders section of the print edition under the headline “Be swift, be bold”
Leaders October 23rd 2021
From the October 23rd 2021 edition
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