What the new global economic order will look like
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Further reading mentioned in the video:
Chinese military exercises foreshadow a blockade of Taiwan: https://www.economist.com/briefing/2025/05/01/chinese-military-exercises-foreshadow-a-blockade-of-taiwan
This time really is different for the dollar, writes Kenneth Rogoff: https://www.economist.com/by-invitation/2025/05/05/this-time-really-is-different-for-the-dollar-writes-kenneth-rogoff?itm_source=parsely-api
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SOURCES:
I’ve linked my sources in the blog that goes along with this video. Links are in the text.
https://www.moneymacro.rocks/2025-05-19-multi-polar/
Timestamps:
00:00 Intro
02:20 Geo-economics 101
05:20 Hegemon’s request explained
09:24 what the multipolar global order will look like
11:48 3 plausible scenarios
13:42 Conclusion
15:19 Sponsor
Attribution:
Music by Epidemic Sound: http://nebula.tv/epidemic
Thank you to AP Archive for access to their archival footage.
Stock footage and others clips by Getty
Narrated and produced by Dr. Joeri Schasfoort
39 Comments
Get access to global coverage at an exclusive 20% discount at https://economist.com/moneymacro
Further reading from the Economist:
1. https://www.economist.com/briefing/2025/05/01/chinese-military-exercises-foreshadow-a-blockade-of-taiwan
2. https://www.economist.com/by-invitation/2025/05/05/this-time-really-is-different-for-the-dollar-writes-kenneth-rogoff?itm_source=parsely-api
The US definitely prefers the Russian vision now
As much as I understand criticisms of Colonialism & Globalism, I've never agreed with the argument that those areas would've otherwise flourished. The natural resources for every human to live at a European / North American standard don't even exist and the argument that they will requires some extremely generous assumptions about innovation. The East is already in kinetic conflict, it's poorer and has 4x the mouths to feed, dividing power doesn't alter those facts only seems like it will change the face of who's taking advantage.
Africa already looks fucked lol
It will be bad for Indonesia since Indonesia tends to play in the middle between US and China
Russia isolated 😂😂😂
Dear Americans, yes, you are the masters of the Universe, let us just bow down and kiss your ass😂😂😂😂😂😂😂
Very nice video
Usa and eu emperial system wont allow this to happen. They have enjoyed the throne too much and as history tells us, Rarely does dictators steps down peacefuly. So dont be suprise false operation more intense psyops. Nato suddenly wants to expand to asia africa. It will do everything it can from this to never happend.
Which type of multipolar world where UN organizations work as it should be. Not the kind of UN today.
The history and research didn't include the possibility global citizens and countries that more aware and capable of making decisions. And the impact of UN organizations and WTO if can function properly as international organization.
@moneymacro good job in moderating comment 😆
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents.inflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
the most important question: will the Eurovision song contest survive these shifts??
4:33 Wrong, China didn't quitely drop the sanctions on Australia but after ScoMo administration, the new administration is now get along with China that's why the sanctions are now all gone. Get your facts right please.
Video Sponsored by The CIA.
Can you do a video on Thomas Picketty's Capital In The 2st Century? I am reading it and find it insightful, but there have been some controversies of alleged data misrepresentation.
I find it hard to understand if I should trust it or not.
If not a video, can you tell me what you think about him and his book in a reply?
We should never have meddled in other nations affairs when some small country in Europe started a bunch of wars
Crimea is not a part of russia, as you shown on the map!
I see a tripartite world coming with the US, China and Russia as hegemons.
I have another version: Chinese Camp ( BRICS) vs USA camp and many nations in between, all against each other, but all all trading with each other. E.g. Kazakstan is culturally and militarily aligned with Turkey, economically with Turkey, China and then USA and then EU, historically aligned with Russia too. So Kazakhstan acts as a friend of everyone ( and an enemy too), but trades with everyone and militarily does not threaten anybody.
For the inclusive scenario Europe and Japan need to move to China and China needs to move away from Russia. This seems to happen already, as China, Japan and South-Korea just made a trade deal. China moving away from Russia will happen when oil becomes less important.
Already China and Europe are electrifying and flooding the rest of the world with eclectic products and oil will be unreliable choice as producers will introduce oil shocks, because price stability isn't in their long term interests anymore. A China-EU deal would seal the fate of the US hegemony.
Using economic power to influence other countries… isn´t that what imperialism means?
It's hilarious that we're listening to econ theory to "learn" about the future
I think its more likely to sit between 2 and 3 with the following splits (60) (25) (15).
Economists have discovered the World-System Analysis, dayum😳😳😳😳😳
Realistically speaking, there will probably 4…maybe 5 economic hegemons.
The US will still be a superpower although that is not guaranteed.
India will become a superpower.
China is and will remain a superpower.
The EU could become an economic hegemon….maybe a superpower.
Brazil could become another economic hegemon if not even a superpower.
Worth mentioning that the example you've given about foreign courts is not a good one. The Argentinian money were in foreign accounts and the court had jurisdiction. If that money was in Colombia and a judge made a similar decisions, the same would have happened.
Regarding sanctions, bypassing them costs money so you're still making the country suffer.
India was buying Russian oil and gas at a LOWER PRICE than the market price which means Russia was LOSING MONEY. Same for China. Anything that China and India sold the Russia was at a HIGHER PRICE than that of the market which means Russia was LOSING MONEY.
Also, its scenarios. If you write "scenario's" it hows something that belong to a scenario, possession.
There's a pretty good chance that there will be 3 economic blocks. India will have its own sphere.
Sorry for spamming questions lol, but in regards to my previous question, do you think Capital by Thomas Picketty is a good book worth reading or not?
I had mentioned the prior controversies, so I wanted to get your opinion on whether I should read it or not.
Het meervoud van scenario is scenarios. Er is geen apostrophe. Engels gebruikt geen apostrophes voor meervouden. Komaan, basis engels, maat. Proeflees uw dinges eens.
Considering that China blinked to US's tariffs we can see that we are still in a US-led hegemony.
1:18 fake article ,sources and proof are taken from social media 😄
In a multipolar global economy, nations band together like a symphony. When interests align, these small groups behave as a single, unified entity. However, as time unfolds, they inevitably gravitate toward the dominant bipolar or tripolar economic forces. That's just my take on the matter.
Hahahahaha no way hose aye
So Brazil and South Africa, perhaps even China are for the status quo sans the wars?
VV VV III is next. Globalism has failed.
I summarize: it's all about rich countries wanna accept poor countries become better or not. US-hegemony: poor contries must stay poor.
13:53 Why is a third of EU excluded from the US sphere of influence? That doesn't make sense unless you expect the block to fracture
It's really exciting that we're living through history now. This transition period is in the greater scheme of human history just part of a story that rhymes with itself.
Many lessons to be learned from the principles articulated by previous generations
A multipolar world just means more potential for war.
I mean just look at Europe 19th century. That was a multi polar continent. And it lead to a lot of wars, to colonialism, imperialism and eventually to WW1 and WW2.
A multipolar world is very very risky.
So they US will just going back to the old days by sit back and watch those countries killing each other like in WWI and WWII then reap the benefits.
I watched the video and it seems informative, and then he brings up The Economist- Rothschild owned propaganda outlet.
what should I think now?