BRI AXIS: EMERGING POWERS SHAPING THE NEW WORLD ORDER

Abstract

This article presents an analytical discussion on the developments that may lead to the emergence of a ‘New World Order’. In this context, major trends within the existing ‘liberal order’ and the challenges confronted by it in the backdrop of ‘emerging powers’ have been discussed. It is argued that the influence of ‘leading powers’ led by US is diminishing fast, giving way to rules and institutions espoused by ‘emerging powers’ like China, Brazil, India etc. This may lead to an altogether new global system closer to the Chinese vision manifested in the form of BRI. In such a case, it is hypothesized that the relative significance of the actors in global order will be determined by their placement within BRI instead of their individual economic or strategic strength.