Quote:This book covers new trends in the global economy as a result of geopolitical shifts. Given the rise of the East (especially China and India) and strong Arab economies in the Middle East, clear signs are emerging that the axis of power may be shifting from the West (America and Europe) to the East. This shift-including any intentions towards de-dollarization-plus its implications need to be thoroughly investigated. In addition, the influence of the digital revolution in finance (cryptocurrencies, CBDCs, FinTech, etc.) are changing the global landscape. What also cannot be overlooked, are the disruptive effects caused by the new Trump administration in the United States on the global economy.
A key question is what are the implications of these significant global developments for economic sustainability? Are researchers and policymakers seeing a new form of capitalism emerging or is it new socialism? Achieving the Sustainable Development Goals (SDGs) remain a high priority to most countries around the world, but the progress of many has been derailed by the COVID-19 pandemic. If economic inclusion-as part of the SDGs-remains a central objective, these latest developments will have a significant impact on it going forward, especially in view of growing geopolitical tension. The role of global economic institutions will be crucial in furthering globalization or preventing de-globalization. A higher level of international collaboration,