NEW YORK — With the greenback dropping clout and the world dividing into competing foreign money and financial blocs, American investor Ray Dalio mentioned it will likely be nations much less weak to world battle like these in Southeast Asia that prosper in coming years.

Dalio, who based the $150 billion U.S. hedge fund Bridgewater Associates, mentioned that the present world order is altering in methods extra much like the time main as much as and through World Warfare II than the post-war interval. “We’re seeing every nation’s populism and nationalism rising in preparation for better conflicts,” he mentioned.