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Showing posts with the label Global Power Shift

BRICS Expansion and De-Dollarization: Implications for Pakistan in a Multipolar World Order

 BRICS Expansion and De-Dollarization: Implications for Pakistan in a Multipolar World Order Introduction The post–Cold War unipolar world order, dominated largely by the United States and Western institutions, is undergoing a visible transformation. The expansion of the BRICS bloc and the growing debate on de-dollarization represent a critical shift toward a multipolar global system. For developing countries like Pakistan, this evolving order presents both strategic opportunities and complex challenges. Understanding these dynamics is essential for Pakistan’s economic resilience, foreign policy recalibration, and long-term stability. Background: BRICS and the Rise of Multipolarity BRICS—initially comprising Brazil, Russia, India, China, and South Africa—emerged as a platform for emerging economies seeking greater representation in global decision-making. In recent years, the bloc has expanded by inviting new members from Asia, Africa, and the Middle East, reflecting a shared dissa...

The Emerging Multipolar World Order: Implications for Global Stability

  The Emerging Multipolar World Order: Implications for Global Stability Introduction The post–Cold War era was characterized by the dominance of a unipolar world order led by the United States. However, the evolving dynamics of international relations in the twenty-first century indicate a gradual but decisive shift toward a multipolar world. The rise of China, the reassertion of Russia, the growing influence of regional powers, and the relative decline of Western hegemony have collectively reshaped global power structures. This emerging multipolarity presents both opportunities and challenges, raising critical questions about global stability, governance, and the future of international cooperation. Understanding the Concept of Multipolarity A multipolar world order refers to a global system in which power is distributed among multiple states rather than concentrated in one or two dominant actors. Unlike unipolarity, which often ensures relative predictability, multipolarity intr...