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Many of the major poles in this newly emerging multi-polar world will not be single nations, but rather clumps of nations who will exert a significant say as to how the new world order need to be contrived. In such a scenario the ubiquitous West is expected to lose its grip over the world economy and politics. In a more pragmatic sense the so called ubiquitous ‘Western Liberal Democracy’ is losing its charm as the history is set to evince major corrections over the next five years.
The other remarkable thing that one would discern in the world politics will be the augmenting role of the non-state actors in the configuration of international relations and in the shaping of local and international political setups. The multinational corporations whose domains extend beyond the borders of the nations they ascribe to are poised to adhere to potent corporate foreign policies that are bound to configure and shape international relations in a variety of ways. The power of the international intergovernmental institutions and powers like the European Union and nongovernmental organizations like the international financial institutions are set to play a major role in the international polity and economy over the next five years. The nation states will stand vulnerable to the agenda of these intergovernmental and nongovernmental organizations and institutions. In the next five years the policy frameworks and governance agendas of the non-state actors will gain much precedence amongst the developed and developing nations as the framework of these non-state actors are expected to become more inclusive and democratic. For example say the emergence of the international credit rating agencies and the influence that their predictions have on the flow of capital in the international markets is one way one could grasp the emerging power of the non-state actors. In the years to come, the important question will not as to how to dilute and diminish the role
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