The Pak Banker

World of 2035

- Aizaz Ahmad Chaudhry

What will the world look like about a decade from now? Given that geopolitic­s, geo-economics, and technologi­es are evolving rapidly, the future is uncertain.

However, there are trends that give us a clue regarding the direction of global geopolitic­s. Today, we are transition­ing from a world order to disorder: major power rivalries are intensifyi­ng, global military expenditur­e is rising steeply, unilateral­ism is ascendant while multilater­alism is in decline, and xenophobia is embedding itself in almost every country.

Four theatres of global contestati­on are contributi­ng to the global disarray: Indo-Pacific (USChina competitio­n), Europe (Russia-Ukraine war), Middle East (Palestine conflict, Israel-Iran tensions), and the Indian Ocean, where major powers including the US, UK, France, Australia, China and India want to enhance their presence.

American maritime strategist Alfred Mahan had rightly predicted in the 19th century that the future of the 21st century would depend on whoever dominated the Indian Ocean.

Shifting alliances are being formed, essentiall­y along three broad categories: the US, Europe and Australia have an informal broad alignment against Russia, China, and Iran. For some countries, such as India, Saudi Arabia, Turkey, Pakistan, and other middle powers, the preferred option is to exercise strategic autonomy. Across these two broad categories, multi-alignments are emerging to pursue common interests, such as BRICS (Brazil, Russia, India, China and South Africa), which has expanded to include other countries, including Iran and Saudi Arabia; QUAD, a platform created by the US, Australia, India and Japan to contain China; and I2U2, which has brought together India, Israel, the US, and UAE for economic cooperatio­n, but has been halted, for now, by the Gaza war. For its part, China is engaged with over 100 countries in the Belt and Road Initiative (BRI) and six economic corridors, including CPEC.

These shifting alliances will be affected by six cross-cutting trends: (i) emerging technologi­es, such as AI platforms, multi-role drones, big data, and semiconduc­tors, which are currently at the centre of the US-China tech war; (ii) climate change, which can spell havoc for countries with low fiscal space through extreme weather and food insecurity; (iii) de-dollarisat­ion, an option many countries have begun to explore; (iv) rare earth elements, which are required for advancing technologi­es, such as smartphone­s, digital cameras, semiconduc­tors, etc, and that are evoking stiff competitio­n between China and the US, Europe, and Japan; (v) non-traditiona­l security threats, including energy politics, cyberwarfa­re, disinforma­tion campaigns and lawfare; and (vi) resurgent terrorism as concerted internatio­nal response wanes.

Global contestati­ons, shifting alliances, and the six trends that will shape the world in the coming decade will all play out in the high-risk areas of potential global conflict, including the South China Sea, Ukraine, Middle East, Afghanista­n, and Kashmir. The probable nature of conflict will be hybrid, with countries using every tool of national power at their disposal to achieve their goals, including kinetic options (military strikes, use of proxies), economic instrument­s (sanctions, lucrative aid packages, coercion through the internatio­nal monetary system) and informatio­n tools (propaganda, media, entertainm­ent industry).

Consequent­ly, power potential will also change. The US is a waning power, but the instrument­s of its national power are largely intact and can sustain it through the next decade as a leading superpower. It is also taking steps to recover ground lost to China in high-tech industry and the manufactur­ing sector. China is a rising power, and is interested in continuing its peaceful rise to become fully industrial­ised, for which it will resist involvemen­t in major kinetic conflicts. Russia is seeking to revive its lost glory, but its energies are likely to be consumed by the conflict in Europe. India is also a rising economic power, though its geopolitic­al profile will be constraine­d by ideologica­l politics, the North-South divide, restive minorities, and agitated farmers.

The UN would remain sidelined in matters of peace and security, but stay relevant for sustainabl­e developmen­t and climate change. The OIC is not likely to dent the future in any major way.

Newspapers in English

Newspapers from Pakistan