How sanctions and trade wars are backfiring on the US

As the post-WWII economic institutions crumble amid sanctions, populism, and global conflicts, a new multipolar world is emerging. The global South, led by nations like BRICS, is creating alternative systems of trade, finance, and development, rejecting the dominance of the U.S.-led West.

This speech was delivered by Professor Radhika Desai on October 3, 2024 at the Global Change Centre’s conference in Skopje, Macedonia on “Cooperative Multipolar Systems: In Quest for a New World Order”