Publications /
Opinion

Back
A New World Order in the Making
Authors
December 22, 2023

“As the world continues to fracture into different blocs, a new world order is in the making,” observes ambassador Len Ishmael, Senior Fellow of the Policy Center for the New South, in her Policy Paper ‘The New South in a Multipolar World; Multi-Alignment or Fence Sitting?’ (October 23, 2023). The major economies of the G7 remain at the helm, but “whereas the G7 share of global GDP was two thirds in 1990, today it is closer to one-third. In the meantime, the countries of the New South are adding more muscle to the G20, and an array of non-western groupings [is] forging a new identity: The New South. Will that be a moment or a momentum?” she asks.

“Time will tell,” is her answer. But, she says, “it is hard to dismiss the sense that change in the international structure is happening, greater multipolarity crafted by middle powers is evident, and The New South is very much part of this new chapter.” Dr. Ishmael, author of many books, including on the EU-African relationship, confirms that “the renewed interest of all major powers in securing support and partnerships with countries of the Global South is shown by the spate of recent African engagements with world leaders, including those of the U.S., Russia, China, and the EU, the invitation to Brazil, India, Turkey, South Africa, and Saudi Arabia to attend the G7 Copenhagen summit (June 2023) as observers, recent comments by U.S. President Biden indicating an openness to discuss UN Security Council reform, G20 enlargement to include the [African Union], and the flurry of shuttle diplomacy by Western powers to Africa, Latin America, the Caribbean, and Asia.” This, writes ambassador Ishmael, “carries a significance which transcends the Ukrainian conflict.”

The writing on the wall leaves no doubt: “The West seeks to shore up supplies of critical raw materials (CRM) in the race with China in the transition to green energy, high tech, and artificial intelligence. But these encounters are also designed to woo countries away from China and Russia during this period of heightened tensions.”

The BRICS—Brazil, Russia, India, China, and South Africa—does not claim to be a competitor to the G7 or G20, but when the original founders announced they would be willing to enlarge their group, announcing new members at their meeting in South Africa on August 24, 2023, more than 40 nations showed an interest, and 22 asked officially to join BRICS. For Navdeep Suri, Distinguished Fellow of the Observer Research Foundation in India (Global Memo, August 31, 2023) this is “clearly a symptom of a deeper malaise.” The West’s “proclivity to display unilateral finance sanctions, abuse international payments mechanisms, renege on climate finance commitments, accord scant respect for food security and health imperatives of the Global South during the pandemic are only some of the elements responsible for the growing disenchantment with the prevailing international system.”

In her paper, Dr Ishmael wrote “the West is slowly facing the reality that Western interests are no longer de facto those of the rest of the world, and that the risk of losing global power and influence is real. Recent moves by Saudi Arabia to keep oil prices high ... by continuing to reduce supplies in tandem with Russia, underscores this reality, showing the determination even by a long-term Western ally to champion its own financial interests over those of traditional allies. Like South Africa, India, and many others, Saudi Arabia is unabashedly multi-aligned in pursuit of its domestic interests.”

A Critical Moment

When the BRICS named in August its new members—an almost bankrupt Argentina, oil-rich powers Saudi Arabia and the United Arab Emirates, the rather isolated Iran, impoverished Ethiopia, and economically stressed Egypt—‘Global Perspectives’ (August 31, 2023) published by the Council of Councils, which gathers opinion from global experts on major international developments, asked in a headline: “Seeking an Alternate World Order?” The fifteenth BRICS Summit, suggests Navdeep Suri, “has sent a strong signal that the post-World War II order should accept the multipolar reality and change with the time”.

The recent rupee-designated oil transaction between India and the UAE is not merely a swipe at the petrodollar arrangement which has prevailed since 1973, argues Suri, “but it is also a signal that the world’s major commodity exporters and importers can try to reduce their dependence on the dollar.” If not a new world order, suggests Suri, the BRICS expansion is “certainly an attempt at an alternative world order, one with a more sympathetic for the developing many versus the developed few.”

“A critical moment in the creation of a new world order may have just occurred,” writes Steven Gruzd, head of the African Governance and Diplomacy Program, South African Institute of International Affairs, in a paper edited for ‘Global Memo’. “After horse trading and arm twisting, the BRICS is now the BRICS plus six and the new members will add their voices to advocating for a more equitable global governance system, reforming the UN Security Council, and increasing influence for the Global South.”

“In addition the steady stream of summits involving countries of the Global South,” observed Dr Ishmael in her Policy Paper, BRICS, the G20, the Association of Southeast Asian Nations, the Shanghai Cooperation Organization, and the recently concluded two day G77+China South Summit, held in Cuba, “also point to a growing multipolarity, and diffusion of world power and a coming together of the Global South around an agenda of core interests notwithstanding their differences. There is a growing realization that the increasing weight of these countries can no longer be ignored.”

Considering this political and economic weight, the increasing power of the Global South, a vision of an independent, democratic nation named Palestine is no longer a mirage. It could be a reality if the powers to be give peace a chance and are willing to create, but not destroy or oppress, a nation without respected borders a capital surrounded by barbed wire and mines, and which is suffering from bombs and missiles that pulverize dreams.

 

RELATED CONTENT

  • Authors
    September 3, 2020
    The “middle income trap” may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different approaches to global value chains and trade globalization reinforced such discrepancy in domestic accumulati ...
  • Authors
    Taoufik Marrakchi
    September 2, 2020
    The crisis of the new Coronavirus is exacerbating the tensions between the United States and China, thus foreshadowing a war without guns, in which the stakes are neither territorial nor ideological, but economic. Having adopted a vehement attitude towards China, well before this crisis, the tenant of the White House has brandished the threat of economic sanctions against China and is pushing towards its isolation on the international scene in order to contain its influence. In cont ...
  • September 2, 2020
    The year 2020 is one of the most difficult years for the global automotive industry. The pandemic first appeared in a region of China known for its developed automotive sector. Initially, it was the South Asian manufacturers who first felt the impact of the shutdown in China before the pandemic shifted to Europe and the United States and before the disruption of value chains took on a global dimension. In Morocco, the sector has not remained immune to this turbulent context and its ...
  • September 1, 2020
    بعد تفشي فيروس كورونا المستجد في جل مناطق العالم، اختلفت طرق التصدي له من دولة إلى أخرى. حيث اعتمدت الدول قرارات متفاوتة من حيث الصرامة في ظل الحد من تفشي هذا الوباء. وفي نفس الصدد، اتُخذت عدة قرارات لدعم المواطنين لكي يتاح لهم المرور من هذه الأزمة بأقل الأضرار الممكنة في مختلف القطاعات...
  • Authors
    Amin El-Yousfi
    September 1, 2020
    On February 18, 2020, a few weeks before COVID-19 became the number one concern for politicians and the public, Emmanuel Macron delivered a long-awaited speech in Mulhouse in which he emphasized the importance of fighting what he called “Islamist separatism”. Many analysts were surprised by this declaration which differed from previous statements he’d made, following his election, about the need to institutionalize Islam. This policy brief explores the background to the institutiona ...
  • Authors
    Benjamin Augé
    August 31, 2020
    Les découvertes géantes de gaz au Mozambique, soit 160 trillions de pieds cubes (4 530 milliards de mètres cubes), vont permettre à ce pays très pauvre (6 e produit national brut [PNB] par habitant – le plus faible du continent africain) de devenir un des futurs grands producteurs de gaz naturel liquéfié (GNL) au monde d’ici deux décennies. La plupart des majors occidentales et asiatiques sont théoriquement prêtes à investir plus d’une centaine de milliards de dollars (Mds de $) dan ...
  • Authors
    Pedro da Motta Veiga
    Sandra Polónia Rios
    August 24, 2020
    A previous CINDES’ policy brief, issued in May 2019, addressed the first months of Brazilian President Jair Bolsonaro’s foreign policy. According to its conclusions, there were “strong indications that a rupture in Brazil’s foreign policy is deliberately being promoted”, at the economic as well as the political level. Taking stock of the evolution of Bolsonaro’s foreign policy in the eighteen months of his tenure as President, this second brief discusses to what extent the intended ...
  • Authors
    Pauline DESCHRYVER
    August 24, 2020
    La finance verte est un champ en plein développement depuis l’accord de Paris, qui se situe à la croisée d’enjeux financiers, socioéconomiques et environnementaux. Elle est de nature hybride : opérant avec des outils financiers, elle se concentre sur les questions environnementales, tout en appartenant au champ plus large de la finance dite « durable », qui adopte une approche élargie avec l’inclusion d’enjeux socioéconomiques et de gouvernance. Elle possède une capacité catalytique ...
  • Authors
    August 24, 2020
    During the medal ceremony at the Olympic Stadium in Mexico City on October 16, 1968, two Black American athletes, Tommie Smith and John Carlos, each raised a gloved fist during the playing of the U.S. national anthem. The two Americans received their medals shoeless, but wearing black socks to represent black poverty. Smith wore a black scarf around his neck to present black pride. Carlos, who won a bronze medal, wore a necklace of beads, which he said “were for those individuals th ...
  • Authors
    Tony Addison
    August 24, 2020
    We explore the effects of foreign aid on FDI in a large number of aid-recipient countries using data for the period 1985-2008 and focusing in particular on the impact of the interplay of aid and social cohesion. The preliminary results suggest that the independent effect of aid on FDI is negative in sub-Saharan Africa (SSA) and Latin America (LAC) and positive in other regions, while aid seems to crowd out FDI in countries with high levels of human capital. In addition, we find that ...