COMMENT – Global economic winds are shifting, and not necessarily in the way most people expect.
We are living in a time of immense geopolitical shifts. This is not surprising, as change is a normal occurrence. However, there are periods when changes take place more rapidly and on a larger scale.
Shifts in geopolitics can be driven by a variety of factors, including technological, demographic, and environmental developments, as well as political movements and changes in society. While single incidents can trigger large disruptions, they often result from these factors accumulating over time. Such disruptions can be exacerbated when politicians block developments in the interest of maintaining the illusion of stability and security.
It is widely acknowledged that the world is becoming multipolar politically. The West aims to defend the so-called “rule-based liberal world order,” which requires a “protecting power.” Historically, this role has been held by the United States since World War II, and after the collapse of the Soviet Union, the U.S. remained the dominant hegemon.
This system is now being challenged, particularly by China and Russia, but also by countries in the Global South who no longer want to be dominated, even by friendly democracies in the Northern Hemisphere. A real systemic and hegemonic conflict has arisen between China and the West.
Read the comment written by Prince Michael of Liechtenstein on GIS Reports.