The world is moving toward a multipolar order in which sovereignty is becoming central, Maksim Oreshkin has said<\/p>\n
The old model of globalization that dominated in recent decades\u00a0has ended, and the world is moving away from a unipolar order as other countries begin to take the lead, the deputy head of the Russian presidential administration, Maksim Oreshkin has said.
\nSpeaking on Friday at the Expert Dialogues at the National Center \u2018Russia\u2019 in Moscow, Oreshkin said the end of the previous model does not mean the end of global economic integration, but rather a transition to new principles.
\nGlobalization is continuing on a \u201cdifferent basis,\u201d with leadership increasingly shifting away from a single center, he said, as other countries begin to play a more prominent role in shaping global economic processes.
\nOreshkin said the involvement of major economies such as China and India in the global economy has helped improve living standards and reduce poverty, while supplying the world with goods and services.
\n\u201cWe are indeed moving away from a unipolar world, and in today\u2019s world one of the main words we hear is sovereignty,\u201d Oreshkin said.
\nOnly nations capable of maintaining sovereignty will be able to compete and take leading positions in this \u201cmultipolar development,\u201d according to him.<\/p>\n
READ MORE: There will be three centers of power in the new world<\/p>\n
Oreshkin also pointed to growing impact of sanctions, tariff barriers, and other restrictions on the global economy, saying traditional Western-led financial mechanisms are \u201cno longer\u201d functioning effectively. He said this is forcing the global financial system to search for new solutions, with decentralized systems such as blockchain, artificial intelligence, and platform-based solutions increasingly being used in place of traditional banking functions.<\/p>\n","protected":false},"excerpt":{"rendered":"
The world is moving toward a multipolar order in which sovereignty is becoming central, Maksim Oreshkin has said The old model of globalization that dominated in recent decades\u00a0has ended, and…<\/p>\n","protected":false},"author":1,"featured_media":27816,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-27815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/27815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27815"}],"version-history":[{"count":0,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/posts\/27815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=\/wp\/v2\/media\/27816"}],"wp:attachment":[{"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mongolianews.mn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}