Current generations have grown accustomed to regular disruptions in their lives and workplaces due to the successive impacts of computers, internet and, now, AI. They have also adjusted to volatility in the global economic system as a result of 9/11, the global financial crisis, and Covid. This adjustment was possible, in no small measure, due to the steadying influence of American power that underpinned post-Cold War globalisation. We took this for granted.

It is not as if the world did not experience major shifts in international relations after the Cold War. Rise of China, end of American unipolarity, and re-balancing of the global economy from the North Atlantic towards the Indo-Pacific, led to realignments in the balance of power. But the world order remained broadly stable and predictable. We forgot that, once every several decades, things occur that fundamentally alter the global balance in ways that cause all nations to rethink their beliefs.

Read full story on TOI+



Linkedin


Disclaimer

Views expressed above are the author’s own.



END OF ARTICLE





Source link

Leave a Reply