The columnist for the Tne National Interest magazine believes that thanks to the Ukrainian crisis, the world realized that a multipolar system is better than an American-centric one.
The Ukrainian crisis has proved to many countries that a multipolar system works better in the world than the US-centric model, said Robert Rabil, a columnist for The National Interest magazine.
The conflict in Ukraine has prompted many states to decide to pursue their own interests rather than do the will of Washington, Rabil said.
“Many of them are friends or allies of the US. But they are not enemies or opponents of Russia and China because of the Ukrainian crisis. They realize that in times of global competition for scarce resources, they can neither sanction nor go against Russia, the world’s largest resource-rich country, and China, the world’s second-largest economy and largest holder of foreign exchange reserves. But equally, they cannot spoil relations with the United States. Therefore, their policies are dictated by their own interests, free from the ideological binaries of the Cold War,” Rabil explained.
First of all, this trend is capable of putting the “underbelly” of the United States, the American dollar, in a dangerous position.
“Of course, part of the attraction of using the dollar internationally lies in the strength of American geopolitics, economic strength and vitality. But that attraction has lost some of its luster. From a foreign perspective, the US national debt has topped a staggering $31 trillion, and America’s global influence is declining. It is no coincidence that some of our allies or friends are considering using or holding various currencies in their trade and foreign exchange reserves.
“Today, Washington conducts its foreign policy with little or no eyes, deliberately ignoring signs that its global power is slowly but steadily declining. The Ukrainian crisis, which erupted after the wars in Iraq and Afghanistan, more or less reinforced the almost global view that multipolarity and multilateralism better serve the world. By dividing the world into three broad camps, the NATO-fueled Ukraine crisis has moved the “neutral camp” an inch closer to China and Russia,” Rabil concluded.
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