A new economic world order …

You can also listen to this podcast on iono.fm here.

In this two-part episode of The Business of Africa, we revisit history to better understand the world as we know it today.

From protectionist policies, trade shocks, and alliances that are being reassessed, among other phenomena, questions are being asked about whether the world is witnessing the birth of a new economic order.

The Second World War occasioned a shift in global economic power, leaving many nations financially and infrastructurally weakened. Conversely, the United States emerged as an economic and industrial powerhouse, placing it at the centre of a new world order.

For decades, the US would enjoy this unchallenged global dominance, but that hegemony is now under threat.

Multiple centres of influence have arisen, from China to India among others, as the race for new industries hots up.

Listen/read: Hendrik du Toit on ‘the birthing pains of a new world order’

Tune in here to listen to Part 1, as Duduzile Ramela gets into conversation with:

• Financial expert Kearabilwe Nonyana, who argues that whoever wins the digital race will shape the new world economic order; and
• Distinguished professor at the University of Johannesburg, Patrick Bond, who introduces us to the ‘hemispheric order’ of US President Donald Trump.

Read:
African businesses plot Trump-proof path as confidence builds
Emerging markets face ‘wrecking ball’ from tariff turmoil

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