West Losing Its Leadership Position in World, Giving Way to Global South – Putin
No country can develop alone, at expense of other states or to their detriment.
The West is losing its leadership position in the world, giving way to the countries of the Global South, Russian President Vladimir Putin said.
A more complex, multipolar architecture of the global development in the world is being formed, Russian President Vladimir Putin said.
“Literally before our eyes, a more complex, multipolar architecture of global development is being formed. States that truly understand and appreciate the importance of national sovereignty in the political, economic, cultural and social spheres are playing an increasingly important role in it, and they can determine the vector of their own development based on their own values, resources and priorities, identity and sovereign worldview,” Putin said in a video message to the participants of the Open Dialogue Forum.
Previous approaches and well-established norms and rules of business life and international relations are gradually losing their force, including due to the actions of Western states, which are losing their leadership positions and giving way to new growth centers and countries of the Global South, the president said.
“The events of recent years show that all elements of global growth — from economics and finance to technology and demography — are changing irreversibly,” Putin said.
The global development model will be sustainable if it is based on the principles of equality and takes into account the interests of all countries, the Russian leader said, adding that no country can develop alone, at the expense of other states or to their detriment.