The Fragmented World: Recalibrating Development Strategy in the 12th AIFED Conference

The 12th Annual International Forum for Economic Development (AIFED) was recently held in Bali, Indonesia, with the aim of discussing and recalibrating development strategies in a fragmented world. The conference brought together distinguished speakers, including the Indonesian Minister of Finance, Sri Mulyani, and participants from various sectors to address the challenges and opportunities presented by the current global landscape. The theme of the conference, "The Fragmented World: Recalibrating Development Strategy," is highly relevant and timely. In recent years, the world has witnessed the emergence of new geopolitical tensions and the rise of regional blocs, leading to a more fragmented global economy. This shift has necessitated a reevaluation of development strategies to adapt to the changing dynamics. The conference highlighted the need for increased intellectual deepening and communication among stakeholders to address the challenges posed by a fragmented world. It emphasized the importance of expanding intellectual leadership and fostering collaboration to navigate the complex landscape of global development. One of the key discussions during the conference revolved around the impact of geopolitical tensions on development strategies. The speakers and participants acknowledged that the world is becoming more inward-looking, with countries prioritizing their own interests over global cooperation. This shift has significant implications for development efforts, as it requires countries to recalibrate their strategies to navigate the changing geopolitical landscape. The conference also emphasized the importance of regional cooperation in addressing the challenges of a fragmented world. Regional blocs have emerged as important players in the global economy, and their influence cannot be ignored. Participants discussed the need for increased collaboration and coordination among regional blocs to ensure sustainable and inclusive development. In conclusion, the 12th AIFED conference provided a platform for discussions on recalibrating development strategies in a fragmented world. The conference highlighted the need for increased intellectual deepening, communication, and collaboration among stakeholders to address the challenges posed by geopolitical tensions and the rise of regional blocs. By fostering intellectual leadership and promoting regional cooperation, countries can navigate the complexities of the global landscape and achieve sustainable and inclusive development.