4 September 2024

Visions of the future of the new world order: complementary, competitive, or mutually exclusive?

The world needs a new order based on multilateralism and multipolarity. Distrust of European legal systems stimulates the search for alternative mechanisms to ensure justice and the rule of law. Such conclusions were reached by the participants of the session ‘Views on the Future of the New World Order: Complementary, Competing or Mutually Exclusive?’, which took place within the framework of the Eastern Economic Forum.

KEY CONCLUSIONS

Distrust of the European legal system is formed

“Economic recession, energy crisis – all this can be overcome, but if there is no rule of law, no pluralism, it is impossible to ensure trust. <...> We see this, for example, in the actions of the EU countries, which are no longer guided by the provisions of international treaties. Pacta sunt servanda is a fundamental principle of international law and of absolutely any legal system. It concerns respect for international treaties and the preservation of all these norms,” Karin Kneissl, Head, Center G.O.R.K.I. (Geopolitical Observatory for Russia’s Key Issues) SPbU; Minister of Foreign Affairs of the Republic of Austria (2017–2019).

A world order based on multilateralism and respect for national interests

“Vietnam is a friend, a reliable partner and an active member of the international community. The principles of Vietnam’s foreign policy are first and foremost based on safeguarding national interests. <...> We pursue an open economic policy and are ready for international integration. Economic integration plays a great role for Vietnam and is designed to balance the interests of all of Vietnam’s partners. We are interested in stable cooperation,” Bo Linh Le, Member of the Central Theoretical Council of the Central Committee, Communist Party of Vietnam.

Globalization continues to exist in the world, but it is being given new meaning

“Although globalization figures in the world, it is being filled with new content. <...> Some countries have benefited a lot from globalization [thanks to special committees, – Ed.] in the WTO. Through the work of the WTO, many countries can also benefit from globalization. The UN is also involved in the regulation of globalization and develops certain economic guidelines,” Yu Miaojie, Rector, Liaoning University.

PROBLEMS

Crisis of confidence in international legal institutions

“Trust among companies has been undermined. <...> We talk about international courts, arbitration courts in different countries, which are contracted to hear arbitration applications, but this is all missing. The lack of trust in such courts is what leads to a different world order, now it is a multilateral world. We need legal normative foundations,” Karin Kneissl, Head, Center G.O.R.K.I. (Geopolitical Observatory for Russia’s Key Issues) SPbU; Minister of Foreign Affairs of the Republic of Austria (2017–2019).

Challenges of globalization and the need for flexibility in the face of deglobalization

“Economic globalization is facing an unprecedented crisis. There is much to be said about this crisis, about the key risks, in particular the breakdown of global supply chains and the breakdown of security systems. This is because there is a process of deglobalization. Globalization can no longer exist in the way it has existed for the last three decades. This globalization was based on US confidence in its economic power,” Li Wei, Deputy Dean of the School of Global Studies at Renmin University of China.

SOLUTIONS

Development of new international legal mechanisms for confidence building

“The legal system has been undermined for a variety of reasons. It is now necessary to create new legal starting points, this is important for the BRICS countries,” Karin Kneissl, Head, Center G.O.R.K.I. (Geopolitical Observatory for Russia’s Key Issues) SPbU; Minister of Foreign Affairs of the Republic of Austria (2017–2019).

Revival of Orthodoxy as the basis of world ideology

“Russia is positioning itself as a new stronghold of faith, the main defender of Christianity and true religions. And today Russia is not only a Christian country, but also a Christian-Islamic one,” Artem Lukin, Deputy Director for Science and Innovation, Oriental Institute of the Far Eastern Federal University.

Deepening cooperation among countries in a multipolar world

“Recently, global supply chains have been shrinking from twenty countries to ten. This process can be described as deglobalization, but the links between countries and suppliers are still strong. <...> I would like to say that economics determines politics. If we are going to build [a multipolar world] on the basis of globalization, then relations must be equal. <...> Many international organizations and even universities should play an important role in shaping international relations. China is open to cooperation with all international players in a wide range of activities,” Yu Miaojie, Rector, Liaoning University.

 

* This is a translation of material that was originally generated in Russian using artificial intelligence.

For more information, visit the Roscongress Information and Analytical System roscongress.org.

 

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