world order is now multipolar
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4 Terms
para
econ multipolarity
political multipolarity
cultural multipolarity
econ multipol
yes: growth of emerging pwrs eg china, india, brazil, can be seen to have altered nature of world order. chinese investment in africa (china belt and road initiative) balance of pwr in wrld econ shifted from west to east esp bc of china,india japan influence. 3 of top 10 wealthiest companies in world in 2017 r chinese eg china national petroleum. us debt to china 2017 amounted to 1 trillion.
no: usa remains worlds largest economy, could be bipolarity but not multipol. wall street = worlds central global trading hub. usa has huge amounts of structural pwr in global fgovernance eg wb, imf, wto
political multipol
yes: growing importance of bodies eg g7/8, g20 and BRIC. influence of eu and regionalism, imf,wb
no: continued dominance of us in institutions such as imf and wb. us withdrawal from paris climate agreement derailed
cultural
yes: globalisation, internet,cultural diversity, global amrketplace. sport, football dominates.
no: continued dominance of american culture