Sun-kissed beaches and palm trees set the stage in Hainan as the Boao Forum for Asia kicks off, spotlighting a seismic shift: the Global South isn’t just rising—it’s rewriting the global rulebook. 💼🌴
A New Economic Powerhouse
The Global South now accounts for over 40% of global GDP and drives 80% of economic growth. Yet, experts say outdated systems still sideline these nations. "Western countries aren’t the only stars at the party anymore," quipped Michele Geraci, ex-Italian economic official.
Money Talks (But Who’s Listening?) 🗣️
UN official Wang Xiaojun stressed that developing nations face hurdles from a financial order "stuck in the 20th century." Carl Fey of BI Norwegian Business School added: "BRICS and regional alliances like the Belt and Road Initiative are game-changers." China’s mega-infrastructure projects? Geraci calls them "GDP factories" boosting economies from Xinjiang to Europe.
Beyond Dollars: Shaping the Future
From currency diversification to UN negotiations, the Global South is flexing its muscle. Wang noted developing countries now "speak louder and clearer" on global stages. The message? Collaboration over competition. 🔄
As leaders gather in Boao, one thing’s clear: the world’s economic compass is pointing south. 🌏✨
