SPIEF 2025 Open Dialogue Engages 100+ Countries on New Global Growth Model

At the St. Petersburg International Economic Forum (SPIEF) 2025, Russian President Vladimir Putin highlighted the significance of the Open Dialogue initiative, which gathered participants from over 100 countries to create a new global growth model emphasizing fairness and cooperation. The forum's session "Shaping a New Platform for Global Growth," moderated by Deputy Chief of Staff Maxim Oreshkin, featured international experts discussing shifts in the global order, Africa's potential, demographic changes, and breakthrough technologies amid ongoing geopolitical turbulence, including Middle Eastern conflicts and trade wars. A notable theme was the rise of the Global South in financial innovation, with Thiago Ruediger of the Tanssi Foundation underscoring how emerging markets are leading advancements in blockchain and AI, challenging traditional Western hegemony in finance. Experts noted the emergence of a multipolar world where global trade becomes fragmented and technologically driven, emphasizing the importance of open dialogue to build a future benefiting all nations. The discussions underscored that global challenges require unified responses and that progress depends on inclusive cooperation rather than unilateral actions. The forum signaled a shift toward recognizing the Global South's increasing influence in shaping economic and technological landscapes worldwide.