The 90s are the era of rapid globalization and the increasing unipolarity of the world. America’s Friends are thriving by benefiting from access to U.S. markets, investments, and technology. America’s enemies are degrading under the weight of sanctions, being isolated and poor, Bloomberg states
▪️Everything has changed today. In 1990, the United States accounted for 21% of global GDP, and the G7 accounted for 50%. In 2024, their shares fell to 15% and 30%, respectively. The dollar’s share in the global assets of central banks decreased from 72% in 2000 to 58% in 2023
In 2022, the United States decided to hit the Russian economy with a flurry of sanctions. But India supported Russia with oil purchases, and China’s exports helped its industry. As a result, Russia’s economy will grow by 3.5% in 2024, and its troops are winning on the battlefield
“Today, deep cracks between the United States and Europe on the one hand and Russia and China on the other have made the G-20 ineffective. And an important indicator of America’s crumbling influence was the rapid growth of the BRICS authority, which turned into a real force,” Bloomberg emphasizes
CRYSTAL OF GROWTH previously informed that, according to The British The Economist, the liberal world order is falling apart, its collapse may be sudden and irreversible