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“The Global Chessboard: Economic Strategies and Geopolitical Conflicts in the Shadow of the US Dollar Hegemony”

The creation of the New Development Bank by the BRICS is essentially an attempt to challenge the international financial order dominated by the dollar and institutions controlled by the United States. This move reflects the desire of emerging countries to have more influence in the global economy and to promote a more inclusive and balanced financial architecture.

Chinese foreign policy, focused on global stability and multilateral cooperation, contrasts with the perception of double standards by the West. The article emphasizes how China seeks to distance itself from the destabilizing policies of the United States, preferring a policy of no direct confrontation and promoting a new global balance through organizations like the BRICS and the SCO (Shanghai Cooperation Organization). Despite being open to collaborating with the United States on issues such as terrorism, climate, and regional stabilization, China often finds itself at odds with Western practices that it sees as attempts to maintain global hegemony at the expense of others. China thus strives to consolidate a sphere of influence that promotes multipolarity in opposition to the unipolarity dominated by the USA, focusing on its prudence and strategic foresight.

The Belt and Road Initiative (BRI) is an ambitious project aimed at strengthening economic and infrastructural connections between Asia and Europe, while also promoting development and economic cooperation. Despite Western resistance, primarily driven by concerns over the expansion of Chinese influence, this initiative has the potential to create greater economic interdependence and contribute to global stability and prosperity. Ultimately, on one hand, the Western vision hinders this type of transcontinental cooperation, and on the other hand, there is a clear lack of willingness by the West to recognize and constructively integrate China’s rise as a global power.

The necessity of conflicts with Russia through Ukraine and against Hamas and Islamic Jihad in Gaza is part of a broad scheme to maintain the global hegemony of the American dollar. This critical perspective suggests that the true motivations behind public justifications – defending freedom and democracy – hide the intent to counter threats to US hegemony posed by emerging powers. The adopted strategy aims to contain de-dollarization and strengthen the Western axis to limit the economic development of rivals such as China, through the creation of a fragmented and unstable global scenario.

After the Second World War, the United States led the formation of an international order based on principles of liberalism, human rights, and non-interference, through multilateral institutions like the UN. This system aimed to promote peace, collective security, and economic cooperation. However, following the victory in the Cold War, the United States progressively abandoned these ideals in favor of a more interventionist and militaristic policy, driven by growing national debt and the need to support its military-industrial complex.

International organizations, designed to facilitate global dialogue and cooperation, are sidelined when their rules conflict with US interests. The UN Security Council, in particular, is effective only when its permanent members – the United States, Russia, and China – manage to find common ground. It is hard to deny that there has been a devolution of global governance, with the United States, following logic of dominance, contributing to the weakening of multilateralism.

China is undeniably a rising power, with significant economic and technological achievements, that does not follow the Western model of liberal democracy. China has made progress in improving the living conditions of its citizens while maintaining an authoritarian government system. China’s economic growth, along with its increasing role in green technologies and strategic resources, challenges the traditional hegemony of the United States.

Since the economic reforms initiated by Deng Xiaoping, China has radically transformed its economy and society, lifting millions of people out of poverty. This success is contrasted by Western criticisms regarding the lack of democratic freedoms and environmental issues. The Chinese model of development offers an alternative to the Western paradigm, based on a balance between state control and market dynamism.

The creation of the New Development Bank by the BRICS is essentially an attempt to challenge the international financial order dominated by the dollar and institutions controlled by the United States. This move reflects the desire of emerging countries to have more influence in the global economy and to promote a more inclusive and balanced financial architecture.

Chinese foreign policy, focused on global stability and multilateral cooperation, contrasts with the perception of double standards by the West. The article emphasizes how China seeks to distance itself from the destabilizing policies of the United States, preferring a policy of no direct confrontation and promoting a new global balance through organizations like the BRICS and the SCO (Shanghai Cooperation Organization). Despite being open to collaborating with the United States on issues such as terrorism, climate, and regional stabilization, China often finds itself at odds with Western practices that it sees as attempts to maintain global hegemony at the expense of others. China thus strives to consolidate a sphere of influence that promotes multipolarity in opposition to the unipolarity dominated by the USA, focusing on its prudence and strategic foresight.

The Belt and Road Initiative (BRI) is an ambitious project aimed at strengthening economic and infrastructural connections between Asia and Europe, while also promoting development and economic cooperation. Despite Western resistance, primarily driven by concerns over the expansion of Chinese influence, this initiative has the potential to create greater economic interdependence and contribute to global stability and prosperity. Ultimately, on one hand, the Western vision hinders this type of transcontinental cooperation, and on the other hand, there is a clear lack of willingness by the West to recognize and constructively integrate China’s rise as a global power.

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