It appears nowhere near the Schumpeterian idea of creative destruction; Jacques Derrida's deconstruction theory, therefore, barely posits the optimism of legendary phoenix-like revival. The global playground of powers is now without a custodian or a referee to stop the ratchet. It is almost axiomatic that the global order is critical to global governance, which is inevitable for global peace and prosperity. In this increasingly interconnected world, societal and national orders are also largely contingent on the global order and the outcome of the geopolitics of the governance, whether good or bad.
The imperative of global governance was desperately realised in the 1940s after the two devastating Great Wars. As a result, essentially, the United Nations (UN), World Bank, International Monetary Fund (IMF), General Agreement on Tariffs and Trade (GATT, now WTO) and similar other multilateral institutions were established. So far, hundreds of international treaties, conventions and covenants have been drafted and implemented or enforced, at least in theory. However, due to the rapidly widening gap between expectation and (in)effectiveness (or helplessness?), these institutions and instruments, mainly the UN and its agencies, are now being questioned regarding the rationale of their very existence.
The end of the Russia-Ukraine war is nowhere on the horizon. Russian President Vladimir Putin appears to be consolidating his legitimacy through forums like BRICS. Economic sanctions on Russia by Western countries have had little impact due to the unhindered revenue flow from oil and gas supplied to Europe and Asia. The Gaza crisis is spreading to the entire Arab world and, perhaps, beyond. The foreign policy of the United States on Gaza and Israel seems pressed between its interest in protecting the Israeli state and saving its democratic credentials by stopping inhuman excesses at the Israeli war targets.
Denne historien er fra November 06, 2024-utgaven av The Statesman.
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Denne historien er fra November 06, 2024-utgaven av The Statesman.
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ICC Rankings: Smriti eyes third spot, Harmanpreet back in top 10
Smriti Mandhana closes gap on Sri Lanka's Chamari Athapaththu in women's ODI batting list
NZ humiliation may awaken 'sleeping giant' India: Hazlewood
Terming India a 'sleeping giant', Australia pacer Josh Hazlewood said that Rohit Sharma & Co's first ever 3-0 whitewash at home to New Zealand, could have hit their confidence but at the same time served as a perfect wake-up call ahead of the Border-Gavaskar series, starting 22 November in Perth.
ISL: In-form Punjab FC aim to continue winning momentum against FC Goa
Excitement and enthusiasm are guaranteed when two in-form teams lock horns in the Indian Super League (ISL) at the Fatorda Stadium on November 6.
Odegaard's return boosts Arsenal ahead of Inter clash
Arsenal have been handed a much-needed boost as skipper Martin Odegaard was seen training with the first team squad for the first time since his injury on Tuesday.
Delhi, AP, Bengal shine in senior hockey nationals
Delhi, Karnataka, Bengal and Hockey Andhra Pradesh emerged victorious with great performances on Day 2 of the 14th Hockey India Senior Men National Championship at the Mayor Radhakrishnan Hockey Stadium here on Tuesday.
India coach Marquez names 26 probables for Malaysia friendly
The Indian senior men's team head coach Manolo Marquez on Tuesday announced 26 probables for the upcoming FIFA International Friendly against Malaysia to be played on 18 November at the GMC Balayogi Gachibowli Stadium in Hyderabad.
Arsenal aim to recreate history, in-form Inter eye redemption
Inter Milan eager to avenge 1-5 defeat to Arsenal in 2003, the last time the two teams met in the Champions League
Champions League: Manchester City never find excuses over injury concerns, asserts midfielder Bernardo Silva
Manchester City midfielder Bernardo Silva insists injury worries are not an excuse for players to not try to win every game they go into as the side continue to compete on multiple fronts.
The impact of AI on enhancing EV performance and efficiency
Electric Vehicles (EVs) are reshaping the automotive landscape, offering significant environmental and economic advantages, from reduced emissions to lower maintenance costs.
Apophis: New European space mission could get up close with a large asteroid set to brush by Earth
The European Space Agency has given the go-ahead for initial work on a mission to visit an asteroid called (99942) Apophis.