SHALINI PANDEY/Program Head

INTRODUCTION:

The United States should urgently work for bringing a global consensus to strengthen multilateral institutions, and either replace or substantially reform the United Nations (UN) to establish a new world order. The rule of law is sliding past quite dangerously. Apart from P5, the US needs to work with other emerging powers who can contribute substantially to this endeavor. But unfortunately, the existing powers are unwilling to wide open space for other emerging powers. This attitude could lead to a disastrous consequences.     

ANALYSIS:

This is quite visible now. There are altogether 122 conflicts currently going on all over the world in addition to 400 separatist movements. Among them, three conflict zones such as Ukraine war, West Asia conflict and Taiwan Strait, have the potentiality for igniting a large scale conflict and rope in other regional powers to the war zone.

Thus, after the grand victory of Donald Trump in the US elections and full control of the US Senate – responsible for appointments and creating various new positions – it is time for US to rethink about the structure of exiting world order.

The decline of US is inevitable but the question is whether it will be a peaceful one with grace or a violent one opening ways for war and conflict across the continents. The world has changed since the end of Cold War. In fact, the Cold War is too cold.

Today, there is no order. No power is willing to follow the rule of law. The existing powers themselves are the gross violators of order. The global bodies like the UN is getting irrelevant and outdated. It is not possible for only one power to manage the world order.   

This realization might create a new thinking and ripple effect in the power circle of Washington to go for a new world order or else tomorrow will be too late. The status of each continent and limit of each power should be quite clear under the new world order without much public ado.

Economically, the US has reached its peak. The US debt of nearly 36 trillion USD cannot be repaid, either at present or in future. The whole economic philosophy and various associated financial models need to be dissolved for opening new way of economic model and currency units. In fact, it will be US which will go for de-dollarization than any other country consciously.

Politically, the US is also going to face critical challenges – more domestically than regionally or globally. This instability can only be overcome if there are multiple power centers exist across the oceans and continents. The US power to police globally is almost finished. Thus, multi-polarity is order of the day.