South-South Blocs and a Multipolar Order
Large developing economies increasingly build defense, trade and payment ties directly with one another, forming parallel networks that dilute Western and Chinese leverage and advance a more multipolar order.
forming · confidence 40 · Emerging (watchlist) · tracking since July 7, 2026 · updated July 7, 2026
Why the conviction moved
- Jul 7Strengthened +4
Modi and Prabowo advanced an India-Indonesia partnership spanning BrahMos missiles, port connectivity and cross-border digital payments (world desk). Two large developing economies wiring defense, trade and payments directly to each other is the parallel-network pattern the thesis tracks.
- Jul 7Strengthened +2
Jakarta and New Delhi advanced cross-border digital payments, port infrastructure and trade during Modi's state visit, explicitly framed as building around the dollar (macro desk). It reinforces South-South bloc formation with a payments and logistics backbone.
Source trail
Supporting · July 7, 2026
India and Indonesia Link Payments and Ports, Around the Dollar
Jakarta and New Delhi advanced cross-border digital payments, port infrastructure and trade during Modi's state visit, explicitly framed as building around the dollar (macro desk). It reinforces South-South bloc formation with a payments and logistics backbone.
Antara (QR payments)Supporting · July 7, 2026
Modi and Prabowo Deepen India-Indonesia Ties With Missiles and Payment Links
Modi and Prabowo advanced an India-Indonesia partnership spanning BrahMos missiles, port connectivity and cross-border digital payments (world desk). Two large developing economies wiring defense, trade and payments directly to each other is the parallel-network pattern the thesis tracks.
Antara (Indonesia)
Unlock full source trail, score history, and daily updates.
Unlock Trends