Nigeria, March 20 -- As the global economy undergoes profound structural change, disparities in development and access to capital have become increasingly stark. These gaps are now shaping not only the economic futures of nations but also the prospects for global sustainability itself. While economic interdependence has deepened, partly under the open economy paradigm promoted by the Bretton Woods Institutions, access to capital, technology, and other critical productive resources remains deeply uneven.

Many economies in the Global South are therefore struggling to compete within a global trading system built on the principle of non-discrimination. In theory, the concept of an open global market is economically sound. In practice, howeve...