Tag: oligopolistic global system

How does the concept of an oligopolistic global system illuminate the contemporary structure of international relations, wherein a few dominant powers—both state and corporate—monopolize decision-making in economic, technological, and security domains? In what ways does the post-Cold War transition from bipolarity to a multipolar yet oligopolistic configuration represent a paradox—multiplicity of actors coexisting with concentration of power in a limited few?

~ Polity Prober

The Oligopolistic Global System: Power Concentration and Multipolar Paradox in Contemporary International Relations The post-Cold War order has often been described through the vocabulary of multipolarity, complex interdependence, and globalization. Yet beneath the proliferating multiplicity of actors—ranging from emerging states to multinational corporations and transnational regulatory bodies—lurks a structural concentration of power that is distinctly … Continue reading How does the concept of an oligopolistic global system illuminate the contemporary structure of international relations, wherein a few dominant powers—both state and corporate—monopolize decision-making in economic, technological, and security domains? In what ways does the post-Cold War transition from bipolarity to a multipolar yet oligopolistic configuration represent a paradox—multiplicity of actors coexisting with concentration of power in a limited few?

How can the contemporary international order be characterised as an oligopolistic global system, and what are the structural, economic, and political implications of concentrated power among a limited number of dominant states or actors for global governance, economic interdependence, and the normative foundations of international relations?

~ Polity Prober

The contemporary international order, when conceptualised through the lens of political economy and structural theories of international relations, can be aptly described as an oligopolistic global system. This characterization draws from the economic notion of oligopoly—a market structure where a few dominant actors hold disproportionate influence over outcomes—and transposes it onto the domain of global … Continue reading How can the contemporary international order be characterised as an oligopolistic global system, and what are the structural, economic, and political implications of concentrated power among a limited number of dominant states or actors for global governance, economic interdependence, and the normative foundations of international relations?