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From Davos to NAM, unravelling of the old world order

  • Published
    17th Jan, 2024

Context:

China and India must navigate global structural changes, aiming for increased influence in the Global South. Simultaneously, other major Global South nations can leverage the renewed great power competition for their own advantage.

Davos Dilemmas

  • End of Globalist Era: The Davos Man's globalist elite, shaping post-Cold War order, faces challenges as great power conflicts and nationalism disrupt globalisation.
  • Rising Geopolitical Tensions: War in Ukraine, Sino-Russian alliance, and regional conflicts unsettle the international system.
  • Nationalist Backlash: Trump's presidency marked a shift from globalism to nationalism, impacting the traditional Davos agenda.

NAM and G77 Challenges

  • Global South Enthusiasm: Political support for the Global South doesn't translate into practical gains for NAM and G77.
  • Undermined Collective Weight: Regionalism rises, weakening the influence of NAM and G77, with BRICS and other regional bodies taking precedence.
  • China's Global South Champion: China, not part of NAM or G77, actively engages, presenting itself as a Global South champion, challenging the US-led order.

India's Adaptation Dilemma

  • Structural Shifts: India and China grapple with adapting to global order shifts while seeking influence in the Global South.
  • New Leverage Possibilities: Major Global South nations can exploit renewed great power contest for elite or national benefit.
  • Divergent Objectives: China aims to revise the global economic order, while India focuses on integration and reform, acting as a bridge between North and South.
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