ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The World Order

An Unbalanced Triad

Analysis of the current and emergent correlation of forces between US–China–Russia points towards a new era of one super-imperialist power coexisting with a triadic form of major inter-imperialist tensions.

The label ‘‘New Cold War’’ applied to the growing confrontation bet­ween the United States (US) and China is a term that hides more than it illuminates, especially when it implies a fundamental similarity in the character of major state rivalries in the post-World War II period from 1945 to 1989–91—a conjuncture shaped by the geoeconomics and geopolitics of that time—and the emerging world order today. There is in fact a profound difference between the former era and the present one.

What existed then was a systemic rivalry between two incompatible orders that had profoundly different dynamics of social and economic reproduction ­expressing itself in an enduring clash of geopolitical ambitions and practices. This incompatibility was widely recognised giving rise to a sustained ideological hostility. The specific features of that global conjuncture were as follows.

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Updated On : 9th Dec, 2020
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