Naledi Pandor Photographer: Jose Luis Magana/AFP/Getty Images
Leadership
RW Johnson – ANC’s deluded welcoming of a dangerous ‘new multi-polar world’
SA foreign minister Naledi Pandor's celebration of a new world order is as far-fetched as the ANC's election promises.
By RW Johnson
South Africa's foreign office, DIRCO, frequently celebrates the coming of a multi-polar world. Indeed, Naledi Pandor seems excited at the prospect. The notion is that the power of the USA and the West in general is in decline, that this is reflected in the erosion of "the rules-based order" inaugurated in 1945 and then administered by the Bretton Woods institutions – the IMF, World Bank, World Trade Organisation and the whole panoply of United Nations bodies. Instead the rise of China and the Global South as a whole will see a general diffusion of power among many countries and this will be paralleled by the declining role of the US dollar and its replacement by a basket of currencies.
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