The Rise of the Global South and the Geoeconomic Parameters of the New World Order

The conceptual framework of this article is formed by a semantic transition from summarizing the results of neoliberal globalization to analyzing of the strategic directions of the formation of a new geoeconomic world order. The author emphasizes that a distinctive feature of contemporary political and scientific discourse is the increased attention to the role the countries of the Global South / World Majority play in the system of international economic relations. This focused interest in many of these nations is explained by a number of compelling reasons, including: a huge demographic dividend, colossal reserves of natural resources essential to the global economy, faster growth dynamics in industrial and agricultural production (compared to Western countries), a consistent increase in their share of international trade, and tangible successes in the use of advanced technologies. Due to these (and a number of other) existentially significant factors, the Global South is becoming a key actor shifting the existing balance of powers. However, this process is unfolding against a backdrop of geopolitical turbulence, ongoing international crises and armed conflicts, as well as persistent attempts by the Trump 2.0 administration (the so-called “Wrecking Ball Policy”) to weaken the positions of the Global South through various means, including military operations. Therefore, the author believes, the process of accumulating new geoeconomic and geopolitical relations will be accompanied by crises of varying intensity (including those fraught with global upheavals) and could extend over a relatively long historical period.

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