Rise of Global South Shaping New World Order: India

Indian Prime Minister highlighted that the World Order created after World War II (WWII) is changing rapidly, driven by the rise of the Global South.

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Context

  • Recently, Indian Prime Minister highlighted that the World Order created after World War II (WWII) is changing rapidly, driven by the rise of the Global South.

About

  • Post-World WWII, global power dynamics became bipolar, dominated by the USA and the Union of Soviet Socialist Republics (USSR) or Soviet Union.
  • However, after the dissolution of the Soviet Union in 1991, the United States remained the sole superpower, marking the beginning of a unipolar world order.

What is Global South

  • It refers to technically and socially less developed countries which are located in the Southern Hemisphere, primarily in Africa, Asia, and Latin America.
  • Brandt Report proposed a division between North and South countries based on various parameters such as technological advancement, GDP etc.
  • It is based on shared characteristics as the global south often faces income inequality, poverty etc.

How is the rise of the Global South reshaping the World Order?

  • Economic Growth: Global South accounts for 40% of world trade. (UN Trade and Development (UNCTAD)).
    • The rapid economic growth of countries like China, India, etc. has significantly altered global economic dynamics.
  • Strengthening Alternative Institutions: E.g. New Development Bank (NDB) and BRICS Contingent Reserve Arrangement (CRA).
  • Assertive Diplomacy: E.g. establishment of the loss and damage fund at COP27
    • Countries are also pushing for reforms in United Nations and other global organisations (E.g. G77). 
  • Demographic Strength: Global South accounts for the majority of the world’s population, with many nations experiencing a demographic dividend. 
  • Other:  Vibrant South–South Cooperation, etc. 


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