Neither India nor China are equipped to lead the Global South

As Beijing builds factories and New Delhi builds soft power, self-reliance is the only option

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U.S. Secretary of State Marco Rubio, right, meets with India's Foreign Minister S. Jaishankar in Washington on Jan. 21, 2025. © AP

Henny Sender is the founder and managing partner of Apsara Advisory, a strategic consultancy for financial services companies. She was previously a managing director at investment company BlackRock.

There was a People's Bank of China gathering last spring in Hangzhou commemorating the 80th anniversary of the Bretton Woods gathering where the victorious allies mapped out an international financial framework for the postwar years. It was, however, anything but a celebration.

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