Building: Building E
Room: E005
Date: 2013-11-01 03:00 PM – 06:00 PM
Last modified: 2013-10-30
Abstract
The paper aims to analyze the new realities and trends related to the new polarity of the global economy, and thus the reconfiguration of global power centers, a process characterized by two simultaneous trends: the rise of new powers and the relative decline of traditional powers. At the beginning of 21st century, global power is suffering two major changes: on the one hand it manifests a transition from West to East, from Atlantic to the Asia-Pacific, and on the other hand, a diffusion from state to nonstate actors. Current global economic power has a multipolar distribution, shared between the U.S., EU, Japan and BRICs, with no balance of power between these poles, opposed by the strong ambition of rising countries, China especially, China that rivals the traditional powers represented by the developed countries. The evolution of the main macroeconomic indicators given by the most important global organizations, show a gradual transition towards a multipolar world in which the U.S. is and will remain for a long period of time the global economic leader, nonetheless, with China and India rapidly rising and Russia, undergoing a process of reinvention and seeking lost status, other potential global powers emerge.
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