This proposal seeks to reduce dependence on Northern technologies and markets, dominant currencies, and financial infrastructures that constrain policy space in the Global South. In light of the unequal exchange facilitated by the global economy, this proposal expands South–South cooperation by encouraging Global South nations, historically hindered by the inaction of Northern governments and multilateral organisations, to assert their agency and take the lead in developing preferential trade agreements, joint industrial strategies, pooled investment in infrastructure, care, green, and digital sectors, and interoperable South–South and regional payment systems to reduce reliance on the US dollar and western-centric payment network.
