There are a variety of literatures that illuminate the logic and character of the post -Cold War transformation of the global system. One literature explores the rise and decline of the great powers and the international orders that they establish and dominate. This paper explores the evolution of the international system in historical perspective with particular emphasis on the role of the United States before and after the end of the Cold War against a backdrop of broader global context.
It concentrates on the end of bipolarity and the emergence of unipolar system with American dominance and hegemony and its further decline. Washington failed to endorse with practical means its declared goal of “benign hegemon”.
The author makes a comparative analysis between the dawn of the British Empire and current stage of crisis development of the United States with principal issue of transformation of the world order from unipolarity to multipolarity or from single power dominance to a more balanced international system.
The paper also touches upon the strategic errors the American elite has made in its relationship with Russia and China referring to them as ”adversaries and revisionist powers” hostile to the US. America shortsightedly opened the gates of modernisation before China in the vain hope to make it an ally against the Soviet Union only to be disappointed later. And it underestimated the significance of rapid Russian assertion after the break up of the Soviet Union only to have a unique situation of “two fronts” in American history.
As a result of his research the author comes to a conclusion and thoroughly substantiates it with facts that a new world order emerges which can be referred to as “improved status -quo” or alternative order with new economic, financial and political institutions in sight as opposed to the old Breton - Woods system of post WW2 American dominance. Still the open question persists whether this transformation can be peaceful and consensual or fraught with new hardship for the people and even military confrontation among great powers.
Key words: world order, unipolar, Hubris, multipolar, polycentric, hegemonism, the USA, Russia, China, geopolitics.
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