The thirty-year cycle of globalization, led by the US after the dissolution of the Soviet Union, has ended and lost momentum for further development.
A pivotal factor in this decline is the emergence of new centers of power, with China, foremost among them, actively seeking to revise the global distribution of influence and resources.
Beijing is becoming the leader of the "Global South", promoting the BRICS and the SCO. In contrast, the US is actively forming new coalitions such as QUAD and AUKUS, and strengthening ties with key players in the Asia-Pacific region.
In addition to these two global giants, other powers – Russia, India, Turkey, Iran and Saudi Arabia – also claim their own regional spheres of influence. Each of these players has its own vision for fair reconfiguration of the world, which gives rise to severe risks of new hot conflicts and “blockalization”.
- Historical Deja vu: is the world on the brink of a new World War?
- G-2 World: Is a US-China bipolar system possible?
- What does the new multipolarity mean for the countries of Eurasia?
- Economics of Blockalization: will the yuan displace the dollar in Eurasia?