What will be the emerging new world order?

What will be the emerging new world order?

Автор: Sapir Ja.

Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en

Рубрика: Public administration

Статья в выпуске: 4 т.16, 2023 года.

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A new “world order”, a notion that originated with the idea of an institutionalization of international relations that developed at the beginning of the 17th century, is emerging. The old “world order”, inherited from the end of the Second World War and essentially centered on Western countries and the United States, had become dysfunctional since the beginning of the 1990s. It had gradually fragmented since the international financial crisis of 2008-2010. We can follow the trace of this fragmentation in the study of international trade, in the failures suffered by the United States in its multiple military interventions, but also in the emergence or re-emergence of new economic powers. The two major shocks constituted by the COVID-19 pandemic and the international crisis that has unfolded since the start of the conflict in Ukraine have put an end to it. This new world order will likely unfold based on the probable development of the BRICS. It could give rise to more balanced international relations. This could allow a new social contract to emerge in many countries.

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World order, globalization, brics, free trade, protectionism, sovereignty

Короткий адрес: https://sciup.org/147241623

IDR: 147241623   |   DOI: 10.15838/esc.2023.4.88.2

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