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Why is political polarization in Western democracies a concern for global markets?

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Kevin McCarthy pointed out that political polarization delays crucial reforms, affecting market stability. In his AIM Summit speech, he noted that bipartisan solutions are increasingly rare, weakening democratic institutions and investor confidence. https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai

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