• Economics,  Politics

    What the New World Order Could Be

    The term “New World Order” often refers to a system of global governance and economics, including the system of monetary exchanges and trade established through institutions such as the World Bank and the International Monetary Fund, and the balance of power between the nations through organizations such as the United Nations. Over the years, these institutions have been undermined by their members, for aims of personal profit and power, giving rise to many regional and transnational groupings. Philosophically, however, the term also refers to any system that can be used to meet its original goals of global governance and economic policy. In recent times, the term is sometimes used to…