IDEAS home Printed from https://ideas.repec.org/a/mgs/ijmsba/v2y2016i8p42-51.html
   My bibliography  Save this article

A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity

Author

Listed:
  • Petar Kurecic

    (University North, Koprivnica, Trg Zarka Dolinara 1, Croatia)

  • Binoy Kampmark

    (The Royal Melbourne Institute of Technology University, 124 La Trobe Street, Melbourne, Australia)

Abstract

If we compare today’s world with the World(s) from 1914, 1929 or 1939, some similarities occur: multiple powerful actors on the global and regional levels with conflicting interests, economic difficulties of a large number of economies, and the inability of “the international community” to put a stop on the world’s most intense conflicts or rivalries. The Great Recession, which hit the developed, especially European economies the hardest, has shifted more economic power into the direction of emerging economies, thereby accelerating an inevitable economic and political change. Various states have managed to accelerate the change in the distribution of economic wealth. These states, grouped mainly in the BRICS, and in the Next Eleven (N11) have shown, contrary to the Western, “culturally superior” geopolitical thought, that they are neither backward nor incompetent, thereby challenging the developed states. After the paradigm of American Empire, which ended in the worst economic crisis in 70 years, it is time for a new paradigm. Since it would be an illusion to think that multipolarity would be shaped by all the parties concerned, it has to be shaped by those most important. However, the current relations between most powerful states are all but cooperative. The pragmatic relations and the common goals of the BRICS states should not be overestimated. The relations between the USA and the EU, which show a high level of homogeneity because of the Ukrainian crisis, may not in the future be so close. A clear difference would exist between the arranged and the accepted multi-polarity, and a multi-polarity in which one side is not inclined but compelled to accept multipolarity, concurrently limiting its achievements. An approach to the present and the future multipolarity and multipolar world that would be multifarious and multifaceted is therefore a necessity.

Suggested Citation

  • Petar Kurecic & Binoy Kampmark, 2016. "A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(8), pages 42-51, July.
  • Handle: RePEc:mgs:ijmsba:v:2:y:2016:i:8:p:42-51
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.28.1005
    as

    Download full text from publisher

    File URL: https://researchleap.com/wp-content/uploads/2016/08/5.-IJMSBA-A-Multifarious-Multifaceted-Approach-to-the-Multipolar-World-A-Necessity.pdf
    Download Restriction: no

    File URL: https://researchleap.com/a-multifarious-multifaceted-approach-to-the-multipolar-world-a-necessity/
    Download Restriction: no

    File URL: https://libkey.io/10.18775/ijmsba.1849-5664-5419.2014.28.1005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dollar, David & Kraay, Aart, 2002. "Growth Is Good for the Poor," Journal of Economic Growth, Springer, vol. 7(3), pages 195-225, September.
    2. James Parisot, 2013. "American Power, East Asian Regionalism and Emerging Powers: or empire?," Third World Quarterly, Taylor & Francis Journals, vol. 34(7), pages 1159-1174.
    3. Petar Kurecic & Binoy Kampmark, 2016. "A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 2(8), pages 42-51, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Petar Kurecic & Binoy Kampmark, 2016. "A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 2(8), pages 42-51, July.
    2. Nikolay Eletsky, 2016. "Contradictions of Formation of the Global Economic Governance System," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(10), pages 7-16, September.
    3. Luša Đana, 2017. "Olympic Diplomacy and the Emerging States: Striving for Influence in the Multipolar World," Croatian International Relations Review, Sciendo, vol. 23(79), pages 73-102, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Petar Kurecic & Binoy Kampmark, 2016. "A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 2(8), pages 42-51, July.
    2. Pierre‐Richard Agénor, 2004. "Macroeconomic Adjustment and the Poor: Analytical Issues and Cross‐Country Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 18(3), pages 351-408, July.
    3. Xiaowen Xie, 2023. "Analyzing the Impact of Digital Inclusive Finance on Poverty Reduction: A Study Based on System GMM in China," Sustainability, MDPI, vol. 15(18), pages 1-20, September.
    4. Rodriguez-Alvarez, Ana & Llorca, Manuel & Jamasb, Tooraj, 2021. "Alleviating energy poverty in Europe: Front-runners and laggards," Energy Economics, Elsevier, vol. 103(C).
    5. Augustin Kwasi Fosu, 2009. "Inequality and the Impact of Growth on Poverty: Comparative Evidence for Sub-Saharan Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 45(5), pages 726-745.
    6. Brambilla, Irene & Porto, Guido, 2016. "Trade, Poverty Eradication, and the Sustainable Development Goals," ADBI Working Papers 629, Asian Development Bank Institute.
    7. Fallon, Peter & Hon, Vivian & Qureshi, Zia & Ratha, Di, 2001. "Middle-income countries - development challenges and growing global role," Policy Research Working Paper Series 2657, The World Bank.
    8. Shinhye Chang & Rangan Gupta & Stephen M. Miller, 2018. "Causality Between Per Capita Real GDP and Income Inequality in the U.S.: Evidence from a Wavelet Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 135(1), pages 269-289, January.
    9. Marcel R Kohler & Janet O Bruce Brand, 2002. "Trade Policy And Labour Standards : General Perspectives And Imlications For South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 70(5), pages 932-954, June.
    10. Christoph Dörffel & Sebastian Schuhmann, 2020. "What is Inclusive Development? Introducing the Multidimensional Inclusiveness Index," Jena Economics Research Papers 2020-015, Friedrich-Schiller-University Jena.
    11. Kraay, Aart, 2004. "When is growth pro-poor? Cross-country evidence," Policy Research Working Paper Series 3225, The World Bank.
    12. Jo Thori Lind & Karl Moene, 2011. "Miserly Developments," Journal of Development Studies, Taylor & Francis Journals, vol. 47(9), pages 1332-1352, June.
    13. Fuchs-Schündeln, Nicola & Bick, Alexander & Lagakos, David & Tsujiyama, Hitoshi, 2019. "Why are Average Hours Worked Lower in Richer Countries?," CEPR Discussion Papers 14180, C.E.P.R. Discussion Papers.
    14. Dalgaard, Carl-Johan & Erickson, Lennart, 2009. "Reasonable Expectations and the First Millennium Development Goal: How Much Can Aid Achieve?," World Development, Elsevier, vol. 37(7), pages 1170-1181, July.
    15. Simplice Asongu & Ndemaze Asongu, 2018. "The comparative exploration of mobile money services in inclusive development," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(1), pages 124-139, January.
    16. Philippe Aghion & Robin Burgess & Stephen J. Redding & Fabrizio Zilibotti, 2008. "The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India," American Economic Review, American Economic Association, vol. 98(4), pages 1397-1412, September.
    17. Maria EL KHDARI & Babacar SARR, 2018. "Decentralization, spending efficiency and pro-poor outcomes in Morocco," Working Papers 201805, CERDI.
    18. Sushanta K. Mallick, 2014. "Disentangling the Poverty Effects of Sectoral Output, Prices, and Policies in India," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(4), pages 773-801, December.
    19. Muhammad Shahbaz & Mita Bhattacharya & Mantu Kumar Mahalik, 2017. "Finance and income inequality in Kazakhstan: evidence since transition with policy suggestions," Applied Economics, Taylor & Francis Journals, vol. 49(52), pages 5337-5351, November.
    20. Leandro Andrián & Oscar Mauricio Valencia, 2023. "Past the Tipping Point? Assessing Debt Overhang in Latin America and the Caribbean," IDB Publications (Book Chapters), in: Andrew Powell & Oscar Mauricio Valencia (ed.), Dealing with Debt, edition 1, chapter 8, pages 183-196, Inter-American Development Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mgs:ijmsba:v:2:y:2016:i:8:p:42-51. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bojan Obrenovic (email available below). General contact details of provider: https://researchleap.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.