Western Governance to Global Co-Governance: An Emerging World Order

The world has been witnessing paradigm shift in global politics throughout human history in the wake of various issues and challenges among civilizations. One world order took over the other with the power shift among civilizations on the canvass of the globe as is evident from history. In the treaty of Westphalia, efforts were made to maintain peace with the balance of power however, world wars left big question on its sustainability. Moreover, the 21st century witnessed the failure of neo-liberalism during 2008 economic crises, whereas changing patterns in global politics and socio-cultural intermingling and interpenetration are opening new vistas in international relations among nations for the time to come. The prevailing world order of the United States since the end of cold war has been lacking sense of ‘inclusiveness’ and ‘Commons’, due to over assertiveness in various political, ideological and economic issues with the negation of ‘others’. Paradigm shift is occurring with the emerging regionalization and increased interdependence and it calls for new global order. The Western world order is not a panacea for all ills of the globe rather multilateral approach is for socio-economic development, political stability and peaceful coexistence.