Revenge of the Global South | David Woo

Which were the best performing currencies in the world in the first half of 2023? You can be sure that it was neither the US dollar nor the Chinese RMB. The Global South took the top 3 spots in the ranking of the world's 20 leading currencies. And what does this tell us about the changing fortunes of the Global South in the intensifying power struggle between the multipolar vs the unipolar world? What is it about Mexico, Brazil, and Chile that their exports are growing while their inflation is under control? How are they benefiting from taking a neutral position on the Ukraine war? How is the souring of US China relations driving nearshoring mexico? How is Huawei helping to increase China Latin America influence? A former top-ranked Wall Street global macro strategist tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.

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#geopolitics #globalsouth #economics
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