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Jakarta Post

Challenges facing multipolar global economy

  • Robert Zoellick

Jakarta   /   Wed, April 21 2010   /  09:50 am

If 1989 saw the end of the “Second World” with Communism’s demise, then 2009 saw the end of what was known as the “Third World”:  We are now in a new, fast-evolving multipolar world economy – where North and South, East and West, are now points on a compass, not economic destinies.Poverty remains and must be addressed. Failed states remain and must be addressed. Global challenges are intensifying and must be addressed. But the manner in which we must address these issues is shifting. The outdated categorizations of First and Third Worlds, donor and supplicant, leader and led, no longer fit.Today, we already see the strains in multilateralism. The Doha World Trade Organization round and the climate change talks in Copenhagen revealed how hard it will be to share mutual benefits and responsibilities between developed and developing countries. And this will be the case for ...