- Sep 14, 2022
- Posted by: admin
- Category: Abstract of 4th-ntssconf
Proceedings of The 4th International Conference on New Trends in Social Sciences
Allegiance to Which New World Order? 21st Century Engagement of China and India in Africa
Over the past decade there have been growing rhetoric that the world is moving towards a singular world order, steered by front organisations that are doing the work of political elitists and major corporations. This is an alleged globalist agenda that is intent on ruling the world through an authoritarian government that will redraw, if not dissolve international boundaries and take away the claims of sovereign nations. The immediate suspicion here is the USA, whose prevalence over the global economy through the Bretton Woods institutions viz the World Bank and International Monetary Fund (IMF) already reigns supreme by virtue of its lending powers, ability to dictate structural adjustment programmes, and cause political turmoil to the point of bringing about regime changes in situations where ruling elites do not comply with American interests. There is an intimation, which the USA vehemently denies, in the back of the one-dollar bill that uses The Latin phrase “novus ordo seclorum“, appearing on the reverse side of the Great Seal since 1782 and on the back of the U.S. one-dollar bill since 1935, meaning: “A new order of the ages (is born).”
The now defunct USSR, with Russia as its domineering survivor, is not entirely guilt free when compared to the USA, albeit on a smaller scale. The current attack (not war) in Ukraine by Russia is not merely about circumventing the former’s want to be a member of NATO, but also about American domination through the relative power of the “petro-dollar”. The USA’s dominance is being challenged by countries such as China’s and India’s in resource rich continents such as Africa. Africa’s veering towards these two rising economic giants also makes a statement about an alternative new world order that is likely to be characterized by a multi-polar leadership that reduces the share and hegemony of NATO countries in the world economy.