Sri Lanka, Oct. 27 -- The global order established in the aftermath of World War II, characterised for decades by the unipolar dominance of the United States, is exhibiting pronounced signs of stress and transition. Multiple forces-economic, geopolitical, and monetary-are converging to suggest that the world is moving toward a multipolar framework. This shift is not merely academic; it promises to redefine international relations, global finance, and security dynamics. While the US retains formidable power, a confluence of internal strains and external challenges suggests its superpower status, though not immediately relinquished, is on a perceptible downward trajectory.

Economic and Monetary Challenges to US Supremacy

The foundation of...