China’s Role in Modernization and Stabilization of the Contemporary Post-Cold War Order

This paper researchesGeoeconomic Forum Croatia, The the relevance of the claims about the end of the current post-Cold War world order trying to set today’s catchphrase “the new world order” in a broader perspective than of the UkraineUkraine war, judging that changes in the world order are still in an unfolding phase, and many of them are not clear. American unipolar power is not strong as it has been, but the new multipower global order has not been determined yet. In making the point that the world order should be changed evolutionary not through global conflict the paper is focusing on how and why the two leading global powers China and the USA have fundamentally different approaches to the world order, particularly to economic globalization and geopolitics. The paper claims that China’sChina approach to economic globalization, which is in line with the idea of more equal globalization, and its multilateral global initiatives and projects can be understood as factors that ensure the peaceful and gradual emancipation of the world order from geopolitical approaches that destabilize the world order. China is convinced that changes in the world order must be implemented slowly, through cooperation and rejection of hegemony and unipolarity. This paper shows that the USAUSA, though a mature democracy and highly globalized country, now pursues protectionist rules and standards forming politics and events which could restore the world order to the pre-1990’s era. The USA’s engaging in current international politics has been featured by the weakening of its support to current economic globalization and by the strengthening of the USA’s tradition of unipolarism. They both cause geopolitical instability in EuropeEurope and Asia-Pacific. The paper suggests that the USA’s approach is accepted in the EU, though it is not yet dominant, and influencing the behavior of the EU in international relations and its relations withChina China. It concludes that tensions in the relationships between ChinaChina and the USAUSA cannot persist for much longer in its present form and their relationships need to be rebalanced in the interests of the world order strategic stability and global economy.