Balancing against American hegemony

The current American administration, led by an ultra-nationalist and xenophobic politician, has abandoned the traditional principles of American hegemony, namely liberal democracy and the free market.

From hegemonic stability to chaotic power politics

The global system is set for the emergence of a more chaotic, multipolar and conflictual order in which bilateral alliances, rivalries and issue-based partnerships will replace multilateral international platforms and rule-based regimes.