Скачать или смотреть Multipolar Mercantilism: Sustainability and Finance in a Fragmented World

Each year, in his Looking Back Looking Forward series, Douglas Arner reflects on key themes shaping the global landscape. In his latest episode, he introduces the concept of "multipolar mercantilism" to describe a world where no single hegemonic power dominates. Instead, rising players like China, India, and the Global South compete alongside declining regions. This new era will be defined by competition, a focus on competitiveness, potential conflict, and selective cooperation among nations, influencing global finance through competing financial and currency systems.

Arner highlights three enduring themes—fragmentation vs. globalization, technology, and sustainability. He predicts escalating competition in technology, with advances like artificial intelligence reshaping global dynamics. On sustainability, he emphasizes the rising impacts of climate risks and the race for energy technologies that address climate challenges while boosting economic competitiveness. Together, these themes define the trajectory of finance and geopolitics in this fragmented, multipolar world.