'The main drivers are to do with an overall belief that the [U.S.] has become both unreliable and overbearing in its foreign policy,' an expert tells Newsweek.
While van Staden stated that China and Russia have their"own preoccupations around the use of dollar-targeted sanctions" that"are contributing to the sudden momentum in exploring alternative currency trade," he also said he was"struck by the relatively quick engagement from the rest of the developing world."
Respondents across nine European Union countries, the U.S. and the U.K. were more likely to say that the conflict would produce a world divided between two blocs led by China and the U.S., while those in the four non-Western nations were more likely to choose a more even distribution of global power among multiple countries.
"Putting too much us-or-them pressure on these countries risks them leaning more conclusively towards China," he added,"among other reasons because China is many of their main trading and financing partners." That being said, Prashad he said that even"India and China have been able to collaborate in BRICS and work through BRICS institutions," such as the NDB, whose first director general, K.V. Kamath, was from India.
But he noted that since the financial crisis of 2007,"there's a growth of a mood which suggests, 'Hey, listen, what you sold us as the global interest is actually your parochial interest, and we want to put forward our own national interest.'"
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