Re-inventing world order: Countering hegemonic dominance through global south narratives

There has been an increasing tendency in recent times, on the part of the developed nations, including some in the erstwhile underdeveloped world, to revive cold war politics of the bygone era, which has led to resurfacing of old fault lines and historical animosity amongst them. This has also resulted in the derailment of post-cold war consensus on economic liberalization and democratization of the world order. What is more complex and dangerous is the realignment of global powers, trying to either restore the existing order through competitive militarism or reframe a new global political and economic order by countering the status quo. On the other hand, the aspirational global south is committed to restore order and stability which are quintessential imperatives of peace and prosperity in the world. This paper attempts to make a comparative assessment of these two competitive and mutually exclusive agenda of ‘North’ versus ‘South’. It will further delve deep into the narratives of the global south and critically examine its prospects and challenges amid the threat of a new cold war between contesting hegemonic powers in contemporary times.