Former Minister of State (MoS) for External Affairs, M.J. Akbar, highlighted significant shifts in the global order during a national symposium at Gauhati University. He emphasized the challenges faced by traditional international institutions in today’s uncertain and multipolar world. Akbar noted changes in power dynamics, citing the United Arab Emirates’ decision to distance itself from OPEC as a reflection of evolving regional priorities.
Recent developments in global energy and finance sectors indicate a transformation in power equations, according to Akbar. He pointed out that national interests now take precedence over older alignments influenced by external factors. Akbar also discussed the evolving role of the US dollar in global markets, suggesting the emergence of a new geopolitical and economic balance.
Addressing the symposium, Vice-Chancellor Nani Gopal Mahanta highlighted the pressures on traditional pillars of American global leadership. He underscored the increasing contestation of strategic dominance and ideological influence in various regions. Mahanta specifically mentioned the uncertainties surrounding the US’s security role in the Gulf region and the shifting dynamics within Western alliances that could reshape global alignments.
The symposium also featured a panel discussion on “West Asia in Transition,” where experts analyzed power shifts, global rivalries, and India’s strategic considerations. The panelists emphasized the importance of a pragmatic approach towards the region to safeguard India’s foreign policy and economic interests amidst intensifying global competition.
