International relations are at the crossroads with recent global events leading to a shift in balance of power between nations. Just as the Cold War led to a new alliance of political and strategic forces, the global financial crisis has led to restructuring economic relations and redrawing of the global economic map.
These changes include China’s rise to the position of the world’s second-largest economy last year from the fifth spot within a few years, with the removal of Japan, Germany and Britain from the centre of activity.
In turn, other countries resorted to reshape their economic and strategic relations in a manner that reflects the new balance of power. The UAE is one the first countries that seek to make the most of these changes in the balance of power at the global level.
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