Paths International Ltd

Abstract:

Recently, we are witnessing more and more significant changes in the status quo of the present world order. Massive actions, events and dynamic measures in world politics with all their consequences, are forming the new political and economic landscape in the global range. We are approaching a new era of emerging and strengthening poles in the world that could lead to a truly multipolar world. A world where each nation can claim the right of putting their own interests first, also a world where nations cooperating with other nations according to their own and mutual interests.

In Hungary, we believe that there is no single policy that could be equally successful for every nation, as they are extremely diverse. We believe that the key for the development of world economy is the coexistence of dissimilar models and different approaches to economic policy. For that very reason it is better to welcome the rise of new economic poles and new political centres, rather than see them as a threat. A world with multiple centres have many opportunities to offer.

It is recognizable that the world economy’s centre of gravity is shifting from West to East, from the Atlantic region to the Pacific region with China being in the focus. This transition, that is happening gradually, is complex in nature but the outcome is clear: the 21st century will be the era of Asia.