A multilateral alternative, by Asia
5 years ago

A multilateral alternative, by Asia

The Hindu  

After a gap of 200 years, Asian economies are again larger than the rest of the world’s combined. As India and China resolve their border dispute, Asia is providing the multilateral alternative to a world divided by values, and no longer by ideology. As the world leader in digital transactions China is developing block chain-based financial infrastructure in BRI countries and exploring an international block-chain currency for digital settlements without relying on the dollar, thus reducing U.S. leverage. Both the U.S. and China have regular high-level discussions on strategic issues with India, recognising its demographic, technological and resource potential to be part of a future global triumvirate. By 2030, there is every possibility of a triumvirate Asia, and Africa, former colonies with conditions closer to India than to China, are waiting for late-comer India, a civilisational state like China, to lay out its vision of a digital, cooperative, sustainable multilateral strategic framework to complement the frameworks of the other two powers.

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