Valdai Club

The search for a new security and development architecture in Eurasia that promotes multipolarity and challenges the hegemony of the US-led global order has been a consistent theme in the Russian leadership’s quest to mould Eurasian security and development models. The world is going through interesting times; US exceptionalism is being challenged by multiple poles, including the EU, Russia, and China. China no longer remains a political and ideological powerhouse, but rather has morphed into a technological and military superpower. US attempts to maintain global dominance like a status quo power are evoking responses from rival global powers like China, which is rapidly overtaking the United States as the dominant economic, technological as well as military power, Raashid Wali Janjua writes. The article was prepared specially for the 5th Central Asian Conference of the Valdai Discussion Club.

Regionalisation and globalisation are interesting phenomena that have been experienced several times in the past. True globalisation means the economic interdependence of the nations, mainly as a consequence of the mutually beneficial and free movement of goods, capital and labour for the equitable expansion of the economic pie for all.