Estimates offered by experts from the Russian Academy of Science show that the current period of severe instabilities should end roughly in 2017-2019 with a crisis. The crisis will not be as deep as those of 2008-2009 or 2011-2012 and will mark the transition to an economy built on a novel technological basis. The economic revival will, in 2016-2020, likely entail serious shifts in the global power balance and serious military-political conflicts involving both the global heavyweights and the developing countries. The epicenters of the conflicts will supposedly be located in the Middle East and the post-Soviet Central Asia.
The century of the US global military-political dominance and economic primacy appears to be nearing completion. The US failed the unipolarity test and, bled by permanent Middle Eastern conflicts, currently lacks the resources retaining the global leadership would take.
Multipolarity implies a much fairer distribution of wealth across the world and a profound transformation of the international institutions such as the UN, the IMF, the World Bank, etc. At the moment the Washington consensus seems irreversibly dead and the global agenda should be topped by the task of building an economy with much lower uncertainty levels, tighter financial regulations, and greater justice in the allocation of revenues and economic benefits. Read More
No comments:
Post a Comment