Chaos or ReOrder? The Future of Hegemony in a World-System in Upheaval

Abstract

Observing the latest trends of a rise in interest in the development of power distribution in a world-system created and dominated by states but increasingly challenged as such, this paper takes a deeper look at the historical evolution of this system, its current transformation, and likely future development. After a brief discussion of prevalent concepts of world(-)system development and its socio-political control, this work offers an evolutionary perspective to place current changes of power and its distribution in the dynamic long-term development of global system formation. It then presents alternative visions of the future development of political and economic hegemony. It concludes that a further rise in instability of global political power distribution accompanied by a likely challenge to existing distributional patterns has a high probability of occurrence.