As Bretton Woods institutions falter, nations like China are pushing for reform that reflects the global reality amid challenges such as debt distress and climate change. While the most likely scenario is marginal changes to the international monetary system, multilateral collaboration should not be underestimated.
India’s unemployment time bomb disproportionately affects young people, with many seeking work in war zones and as illegal immigrants. In China, as automation quickly replaces human labour, frustrated youth struggle to find meaningful work or are stuck in toxic working environments.