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Tag: globalsoutheconomicshock

Geopolitics

The Imperial Price Tag: How Distant Wars Strangle the Global South's Economic Future

The conflict involving Iran and the closure of the Strait of Hormuz is causing a global energy shock, triggering rising inflation, higher interest rates, and slower growth across Latin America and the Caribbean, with import-dependent nations facing the greatest risks. Once again, the Global South is being forced to pay the price for geopolitical conflicts instigated by imperial powers, suffering from inflation and economic instability not of their making.