SparX by Mukesh Bansal World Trade War US vs China Explained | Neelkanth M | SparX by Mukesh Bansal
May 10, 2025
In this discussion, Neelkanth Mishra, economic advisor to the Government of India and Chief Economist at Axis Bank, sheds light on the shifting global power dynamics post-WWII. He critiques the waning influence of institutions like the UN and NATO while highlighting the rise of alliances such as BRICS and G20. The conversation unpacks the US-China tensions, Europe’s military development challenges, and the effects of conflicts in Ukraine and Gaza, emphasizing the need for new economic frameworks in international relations.
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Dismantling Post-WWII World Order
- The post-WWII global order is dismantling as economic power shifts and new alliances form.
- Institutions like the UN, WHO, and NATO lose relevance while groups like G20 and BRICS rise.
Decline of Global Institutions
- Institutions like UN, WHO, WTO, and NATO are losing relevance due to changing geopolitical realities.
- NATO's importance faded after Soviet Union collapse but still guards against Putin's ambitions.
Europe's Military Challenges
- Europe faces challenges in building military strength including fiscal constraints and political distrust.
- Germany's deliberately weak central government complicates rapid defense spending increases.