New World Order

Many analysts argue that Washington is losing its position as the only global hegemon with the rise of other Great Powers in the international arena. The relative demise of the American superpower paves the way for the end of an exceptional era of a Uni-Polar system and the rise of either a Bi-Polar or a Multi-Polar one. Arguments usually revolve around the rise of Russia and China as the main rivals to the United States. However, in this analysis, we argue that the Russian side is better to avoid being considered for such a competition for being involved in a hectic war which requires a sweeping victory for Moscow to compensate for heavy economic losses. China, on the other hand, is gaining momentum on the diplomatic and, to a lesser extent, the security front as new territories for Beijing ever to set foot on. Nevertheless, it is also the case that Washington is still maintaining its supremacy in major arms sales. The Middle East proved to be of paramount importance in the competition among great powers. With Beijing, Washington, and even Moscow trying to gain some influence, countries of the region have been shifting their foreign policies to be more independent to maximise benefits from the newly established world order. Accordingly, they are playing the rebalancing game which stipulates balancing powers mainly between the United States and China.