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Rise of the East: Economic Implications of the Geopolitical Shift

In: West to East: A New Global Economy in the Making?

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  • Arno J. van Niekerk

    (University of the Free State)

Abstract

This chapter explores the economic consequences of the perceived geopolitical shift from Western dominance towards a more multipolar world, focusing on the rise of the East. It examines the changing landscape of global economic governance, trade, and investment flows, and the increasing importance of technology in shaping international relations. The research reveals a transition from a US-dominated unipolar system to a more balanced, multipolar governance model. This evolution is characterized by the increasing assertiveness of Eastern economies in global institutions and their growing impact on trade, investment, and development patterns. These changes are reshaping the established norms and structures of global commerce and governance. The significance of this research lies in its analysis of the evolving global economic order and its potential impact on international relations. It underscores the need for global governance institutions to adapt to these changes to maintain stability and promote inclusive and sustainable development.

Suggested Citation

  • Arno J. van Niekerk, 2025. "Rise of the East: Economic Implications of the Geopolitical Shift," Springer Books, in: West to East: A New Global Economy in the Making?, chapter 0, pages 1-36, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-93267-0_1
    DOI: 10.1007/978-3-031-93267-0_1
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