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EMNE: Can the world stay unipolar?

Can the world stay unipolar? 16. Jun 2017 14:11 #6127

Scenario number one suggests that the western multinationals, law and institutions continue to shape the world, the US dollar remains the dominant currency, and trade expands. While this scenario offers some reassurance on the possibility of the world staying the way we have known it, it does not seem highly probable. Globalization seems to be running out of steam: economic growth is slow, protectionism is spreading, and new regional powers are rising, undermining the existence of the unipolar world. Two events of the past year which happened against the general opinion – Brexit and the election of Donald Trump – have taught us to expect the unexpected.

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