Yaroslav Bogdanov: The Business Forum in Dubai will broach the subject of modernization of the global economic system

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Yaroslav Bogdanov: The Business Forum in Dubai will broach the subject of modernization of the global economic system

April 23, 2024 - 23:55
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From today’s perspective, new investment horizons and opening the global market to developing countries are the key priorities. That includes establishing new logistics, changing the macroeconomic landscape and switching to cryptoeconomics. At the International Business Forum in Dubai participants in the private discussions debate the current situation in the global financial market and positive scenarios for its further development. Yaroslav Bogdanov, founder of GDA Group, taking part in the forum, is confident that the path to the economy of the future lies with the search for new ways of interaction, opening new markets and the introduction of advanced financial instruments. The first half of the 2020s is almost over. Reviewing its results, this period can be named as the most difficult decade for the world economy since the 1930’s. Respective forecast was shared by the Managing Director of the International Monetary Fund Kristalina Georgieva. The Financial Times quotes her as saying that the IMF expects a decline in global economic growth by the end of the current decade. IMF Managing Director Kristalina Georgieva However, there is something significantly more important going on beneath the surface. This is the conclusion of Larry Elliott, columnist and economics editor at The Guardian. He holds that today’s macroeconomic situation is the result of the breakup of the US-dominated form of globalization. It is, however, possible to avoid challenges by accepting the processes already underway and integrating into them in a timely manner. This will be discussed, among other things, at the World of Opportunities International Business Forum taking place in Dubai on April 23rd. “Emerging independent digital ecosystems, international expert cooperation on the secure development and integration of artificial intelligence, healthy investment climate with participation from the new market players, which hold potential that is yet to be realized – these are just some of the steps that will eventually lead the global financial system to recovery, to fair competition, and to an open market with fair distribution of capital,” believes Yaroslav Bogdanov.

Pavel Durov, businessman and owner of Telegram In a recent interview with American journalist Tucker Carlson, businessman Pavel Durov, owner of Telegram, touched on the same issue. One of the leading visionaries of the digital industry, whose product has been present on foreign markets for more than 10 years, emphasized the importance of freedom for business operation – from geopolitics, from unilateral rules imposed by national regulators, and from the pressure of government agencies.

Yaroslav Bogdanov

GDA Group founder Yaroslav Bogdanov Yaroslav Bogdanov is certain that opening the global market to developing countries and new investment horizons are the key priorities in modern times. That includes establishing new logistics, changing the macroeconomic landscape and switching to cryptoeconomics. “The global financial system is undergoing a profound transformation. The process of de-dollarisation and fragmentation of the world economy into regional blocs is already underway. These have been triggered by economic sanctions, among other things. Increasingly more countries realize that their own economic interests can be advocated for utilizing modern tools and assuming the position of an equal without being open to outside foreign influence. The rejection of the power bloc mentality opens up opportunities that exist beyond the immediate political intrigues,” said Yaroslav Bogdanov.