Geopolitical Fragmentation in the world and its consequences on Developing Countries: a game of chess on a fractured board

Jonathan Muya

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the impact of geopolitical fragmentation on developing countries amid rising tensions between major powers like the USA, Russia, and China. It examines how these dynamics compel developing nations to make difficult decisions regarding economic survival, sovereignty, and growth. The analysis focuses on the economic, political, security, and environmental consequences of this fragmentation, using examples such as sanctions and trade wars. The study also assesses the role of the USA and its allies in shaping global governance, highlighting the challenges brought by the increasing influence of emerging powers like China and India. It argues for the need to reform institutions such as the IMF to better reflect the complexities of this fractured global landscape. At the same time, the paper emphasizes the potential of regional institutions to address these challenges and foster cooperative development. Ultimately, the paper underscores the importance of navigating these shifts to ensure sustainable development in a divided geopolitical environment.

Keywords: Geopolitical Fragmentation; Developing Countries; Major Powers; Global Governance; Emerging Economies (search for similar items in EconPapers)
JEL-codes: F51 F52 F53 F63 O19 Q56 R58 (search for similar items in EconPapers)
Date: 2024-11-09, Revised 2024-11-21
New Economics Papers: this item is included in nep-cis, nep-cna and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122708

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