The Global South Embarks on Sectoral Alliances

A cartelization of the world economy could become a reaction of developing economies to the undermining of universal rules and norms in the economic sphere, most notably the principles of fair and open competition Amid fears of de-globalization and the fragmentation of value-added and production chains, a new trend may be in the making as developing nations are starting to foster their own partnerships—not merely regional alliances but comprehensive platforms that aim for a greater coordination...