Navigating the New International Economic Order: Opportunities and Challenges
The global landscape is undergoing a profound transformation, marked by shifting power dynamics, technological advancements, and evolving geopolitical tensions. This metamorphosis has given rise to a new international economic order , characterised by both promising opportunities and formidable challenges. As nations grapple with these changes, understanding the nuances of this emerging order becomes imperative for policymakers, businesses, and civil society alike. The Shifting Geopolitical Landscape In recent years, the traditional centres of economic power have witnessed the rise of new players, leading to a multipolar world. China's Belt and Road Initiative (BRI), for instance, has expanded its influence across Asia, Africa, and Europe, redefining trade routes and economic partnerships. This ambitious infrastructure project aims to enhance regional connectivity and economic integration, positioning China at the helm of a vast economic network. However, critics argue that t...