Multipolar world and Bangladesh

Zubair Barkat, Department of International Relations, University of Dhaka
The multipolar world has become a global reality. Nearly twenty years have passed since the collapse of the Soviet Union and the end of US-USSR bipolar world order. The leaders of the four fast growing economies grouped under BRIC (Brazil, Russia, India, and China) want their own respective roles in the world economy. Brazil and India also want their economic presence reflected in permanent membership of the UN where China and Russia already have permanent seats. Other major emerging economies, such as South Korea and South Africa also want to play a role in global politics. The global economy is going through a rapid change and the centre of the world both economically and strategically is shifting to the East, mainly Asia. Marginal developing countries like Bangladesh must take a proactive strategy to fit itself and exploit the opportunities in the changing global scenario with the rise of new power centric states. The foreign policy of Bangladesh should not be influenced by superpower like US or India. Dhaka must try to improve relations with Russia, Brazil, China and other strategically important countries. We have to do this as fast as we can; otherwise we will have to pay a high price.