Building a new mechanism for bet365 horse racing odds cooperation between South-South countries
October 27, 2021 08:56 Source: "bet365 horse racing odds Journal" Issue 2274 on October 27, 2021 Author: Yan Yong/Compiler

  bet365 horse racing odds newspaper comprehensively reports from foreign media Yaroslav Lissovolik, a senior researcher at the Russian think tank “Valdai” International Debate Club, recently wrote an article on the official website of the think tank,Calling for the establishment of a new mechanism for global bet365 horse racing odds,In order to change the "core-periphery" global economic model in which developed countries have dominated for a long time。

Lisovolik thinks,Affected by the new coronavirus epidemic,There are obvious differences in economic growth among countries around the world,Compared to most advanced economies,China has clearly overcome the crisis。July 2021,IMF forecast,After developing economies’ GDP shrank by about 2% in 2020,Will grow by more than 6% in 2021,Will grow by 5 in 2022.2%。In comparison,The GDP of advanced economies fell sharply in 20204.After 6%,Will grow by 5 each in 2021 and 2022.6% and 4.4%。Compared to global average,China’s performance is impressive,China’s economic growth in 2020 2.3%,8 is expected to be achieved in 2021.1% economic growth。Nevertheless,Key issues for economic growth in developing economies around the world remain unresolved,That is, whether developing economies can create a forum to promote mutual trade、bet365 horse racing odds Platform for Investment and Open Markets。

 A benefit for building a bet365 horse racing odds platform,Lisovolik said,Establish a common economic cooperation platform among developing economies around the world,The imbalance of global economic development can be reduced by creating a "no core-no periphery" cooperation model。It helps shrink developing economies, especially the least developed landlocked economies,The gap in the scale of regional economic integration。More broadly,Such a platform could serve as a laboratory for “open regionalism”,Explore new paths for economic integration development that are consistent with the United Nations Sustainable Development Goals。

According to Lisovolik,Another important benefit of establishing a global bet365 horse racing odds platform is that it is in line with the general trend of South-South trade and investment,This trend could reduce developing countries’ dependence on international development assistance and other sources of financial assistance from advanced economies。There is huge room for development in South-South trade liberalization and lowering investment barriers。In fact,A broad bet365 horse racing odds platform,It can also lay the foundation for creating a non-discriminatory level playing field,It may also create greater space to build regional and cross-regional production chains for suppliers in developing countries。

From an industrial bet365 horse racing odds perspective,The main way for developing economies to realize modernization is to strengthen bet365 horse racing odds integration、Developing human capital and digitalization。Another way to promote bet365 horse racing odds growth in developing economies is,Shift the flow of international investment from developed economies to southern countries。Actually,This process will take decades,This is the exact opposite of the "Lucas Paradox" - the flow of capital from developing economies to capital-rich developed economies。Given the increasing foreign exchange reserves accumulated by developing economies against the backdrop of high commodity prices,This may be particularly important。

Lisovolik said,Within the bet365 horse racing odds framework of the Global South,The two key drivers of global growth are China and India。If developing countries can achieve closer bet365 horse racing odds ties,It can bring them stronger growth momentum。In some respects,Cooperation between China and India, two major developing economies,Can be assessed in the context of transatlantic cooperation among advanced economies between the United States and the European Union。Over the past few decades,This transatlantic partnership has been a pillar of growth and innovation in advanced economies。In this regard,A closer bet365 horse racing odds partnership between China and India will be conducive to the development of new mechanisms for bet365 horse racing odds cooperation between South-South countries。

  (Yan Yong/Compiled)

Editor: Chen Jing
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