The Struggle of the Great Powers between Maintaining Hegemony and Recreation of a New World Order from the Lens of the Balance of Power Theory

Abstract

Balance of power is a crucial concept in international relations, driving decision-makers to confront US unilateralism. However, President Xi sees President Putin as the master key to the erosion of the Western-centric world order; therefore, the strategic partnership between Russia and China is not an emergency partnership; Mutual cooperation is constructed based on the leaders’ convictions and joint activities allow them to reset the balance of power as well as, form a new multipolar world order centered on the UN’s true purposes and principles. Yet, it seems the founding myth of emerging economies has faded and the BRICS countries’ are experiencing their geopolitical moment; the group attempting to establish themselves as a representative of the global South and as an alternative to existing West financial and political institutions.