In the ever-evolving and fluid geo- political landscape, the rise of emerging markets and developing countries over the past three decades has become a transformative force, reshaping the dynamics of the international new world order.
The rise can be traced back to the economic and political changes that took place in the 1990s. In the aftermath of the Cold War, liberalisation, deregulation and market-oriented reforms became the prevailing trend across the world. One of the consequences of these changes was that it unlocked the Global South’s immense growth potential, positioning the Global South as a significant geo- political and economic force globally.
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