Will the Global Crisis Lead to Global Transformations? The Coming Epoch of New Coalitions
Journal of Globalization Studies, Vol. 1, No. 2. pp. 166-183, 2010
18 Pages Posted: 28 Feb 2011
Date Written: November 24, 2010
This article presents possible answers, and their respective probabilities, to the question, ‘What are the consequences of the present global crisis in the proximate future of the World System?’ It also attempts to describe the basic characteristics of the forthcoming ‘Epoch of New Coalitions’ and to forecast certain future conditions. Among the problems analyzed in this paper are the following: What does the weakening of the economic role of the USA as the World System centre mean? Will there be a leader in the future World System? Will the deficit of global governance and world fragmentation continue to worsen? How can national sovereignty be transformed?
Keywords: global crisis, the World System, World System leader, global hegemony, center, periphery, global governance, national sovereignty
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