Rishi Sunak Discusses the Shift to a Multipolar World in Exclusive NDTV Interview

The End of an Era: The Old Global Order

In a candid conversation with NDTV, former UK Prime Minister Rishi Sunak declared that the global order, as known to previous generations, is now obsolete. The statement marks a significant shift in international relations, highlighting the transition towards a more multipolar world where power is distributed across various nations rather than concentrated in a few.

Sunak's insights come at a time when geopolitical tensions are high, and countries are increasingly focusing on strengthening their domestic capabilities. This shift is not just a political maneuver but a necessary adaptation to the changing dynamics of global power.

Understanding Multipolarity

Multipolarity refers to a global structure where multiple countries have significant influence, unlike the bipolar or unipolar systems of the past. This change is driven by the rise of emerging economies and the relative decline of traditional powers. Sunak emphasized that this new order requires countries to be more self-reliant while also engaging in strategic partnerships.

"The old global order is gone," Sunak stated, underscoring the importance of adapting to these changes. He pointed out that countries need to invest in their domestic industries and technologies to remain competitive in this new landscape.

Impact on Global Trade and Tariffs

One of the key areas affected by this shift is global trade. With the rise of multipolarity, trade dynamics are expected to become more complex. Countries may adopt more protectionist policies to safeguard their industries, leading to changes in tariff structures. Sunak noted that while tariffs can protect domestic markets, they also pose challenges for international trade relations.

He urged nations to find a balance between protecting local industries and maintaining open trade channels. This balance is crucial for sustaining economic growth in a multipolar world.

The Role of Technology and Innovation

Technology and innovation are central to thriving in a multipolar world. Sunak highlighted the need for countries to invest in cutting-edge technologies to enhance their competitiveness. This includes advancements in artificial intelligence, renewable energy, and digital infrastructure.

"Innovation will be the key driver of growth," Sunak remarked, encouraging nations to foster environments that support technological development and entrepreneurship.