Will digital technologies reform the global financial order? Cover Image

Да ли ће дигиталне технологије преобиликовати глобални финансијски поредак?
Will digital technologies reform the global financial order?

Author(s): Goran Nikolić, Petar Milutinović, Jelena Zvezdanović Lobanova
Subject(s): Politics / Political Sciences
Published by: Институт за међународну политику и привреду
Keywords: digitalization; financial order; dollar; yuan; euro.

Summary/Abstract: Judging by the accelerated development of the digital yuan, modern digital technologies could reshape the world’s monetary and financial order accelerating changes in the current geopolitical constellation. In this new constellation, Beijing and other new geopolitical actors could gain far greater relative importance than they have now. Although the United States and the countries of the Eurozone would retain privileged positions, China and larger developing countries would come to a situation where, by participating in global monetary flows, they would take over part of the benefits brought by their own currency, mainly due to technological innovations in the field of finance. Additionally, their own payment systems and currencies, accelerated by technological innovation, could enable the developing countries to avoid Washington’s primary and secondary sanctions more easily than before.

  • Issue Year: 2023
  • Issue No: 83
  • Page Range: 13-29
  • Page Count: 17
  • Language: Serbian