EDGE 2025 - Mahbubani, Ferguson: Tipping the Power Balance: Is the Global South Rising and the West Waning
Geopolitics
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5m 45s
As two of the world’s preeminent global powers — the United States and China — continue to oscillate between setback and success, we explore how the shifting balance of both hard and soft power is shaping economies, conflict, and international relations.
Key Takeaways:
- The Rise of a Multipolar World: The 21st century will be marked by the end of Western domination and the rise of a complex and challenging multi-civilizational, multipolar world.
- Navigating a New Landscape: Leadership will not come from a single global leader, but rather a mix of changing leadership in the US and China, with the rest of the world looking to navigate this new landscape.
- The U.S. & China Factor: The financial and economic landscape will continue to be dominated by the U.S. and China. The U.S. should maintain its deep and broad capital markets, while China's growth potential remains significant despite demographic challenges.
- War & Peace: Preparing for war is vital to maintain peace. However, finding ways to "win without fighting" through diplomacy and cooperation will be crucial, especially in addressing global issues like climate change.
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