The ‘golden billion’ has lost its crown
The ‘global majority’ is rewriting the rules of diplomacy – and the West’s monopoly on power is over In economics and sociology, there’s a well-known observation called the Pareto Principle. Named after the Franco-Italian thinker Vilfredo Pareto, it is often summarized as the “80/20 rule”: 20 percent of efforts yield 80 percent of results, while […]
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