Increasing conflicts and rising inflation are taking their toll around the world. This also accelerates the rise of prices in the global market and the depreciation of currencies. With this, the world enters a new political system.
Economy, as always, is one of the primary factors that determine the political orientation of states.
What countries in the new world system are being forced to change their political orientation by the changing economy?
Speaking to Ednews on the subject, Peter Tase, the founder and CEO of the Azerbaijan-US Economic and Education Council, the representative of BAMF in the US, explained that the causes of the world economic crisis are divided into three main parts.
"It is true that wars have a very negative effect on the growing world economic inflation. The tense state of dependence and rising interest rates are causing concern even in developed countries. If you look at it from the social sphere, you can understand that people are not satisfied with the governments. The biggest factor driving the change in the political situation is based on economic interests. Economic changes occur for several reasons. First, the increase in immigration disrupts the economic-social balance due to the fact that people suffer from life activities. This not only creates additional costs, but also changes the employment situation in countries. For example, even in Australia these days, some strict rules have been created in the visa process of those who migrate to the country. The same situation happened when the ultra-liberal government in Canada lost its majority in the election after announcing mass migration. Second, the negative course of the economy depends paradoxically on wars. They lead to more armaments as well as the reduction of socio-scientific returns. Thirdly, the gradual disappearance of the middle class and the even more unequal distribution of the world's money among the population do not allow the industry to renew itself".
The political position of these countries changes more according to the economic situation of the world. The reason is...
"Swiss Bank CEO Sergio Ermotti also said that the World Bank cannot control the current economic inflation problem. No matter how much I agree with this idea, it should be taken into account that the world has endured many difficult situations in the 20th century. Currently, the event that most changes the political regime is Russia's war in Ukraine. This war threatened the supply of raw materials of many Western countries and led to the expansion of NATO's borders. It is no coincidence that the officials of countries such as the USA, Denmark, Greece and France said that if the rate of inflation is not controlled, the situation may be similar to the 1970s".
The World Bank's prediction for the 21st century is that during this century, countries and companies will fight for more raw materials. This is currently the first steps of this process. Russia, Arab states, China and Brazil, whose territories are rich in raw materials, are seriously opposing the hegemony of the United States.
The export of raw materials by the Arab states enables them to take a free side in the political issues that are taking place. Today, we see that the states are getting closer to each other within the framework of OPEC+. Saudi Arabia, which condemns Israel for its actions in Gaza, has a close relationship with the Russian government, which has killed nearly a million people in Ukraine. Western parties have almost kept their political courses stable. However, this does not mean that there will be no compromises with Russia. We can consider the USA as an exception here. Because the political mistakes of the current government will clearly renew the reputation of the country.
War has been waged for money throughout history, and today we see more active participation in politics by nations rich in natural resources. This is a sign that the United States will have closer relations with those countries on many issues."
Farid Akhund
