The 21st century has been named as the economic century. The powerful states, particularly China, Russia, United Kingdom, United States and other western countries, we may name it as the United States Union, are there in competition for economic supremacy, which has resulted into insecurity, wars, proxies and even the uncertain economic environment at global level. The current instability is prevailing in the entire globe. It is actually the result of this competition between the powerful states who are increasing their economic volume and threatening the poor states, the lower states and exploiting them for their economic prosperity. This is unfair and unequal, which will destabilize the entire security of the world, because economic exploitation leads to unrest, chaos and insecurity, which should be…
Band 7+: Economic competition and world politics
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The 21st century has been named the economic century. The powerful states, particularly China, Russia, the United Kingdom, the United States, and other Western countries, which we may refer to as the United States Union, are in competition for economic supremacy. This has resulted in insecurity, wars, proxies, and an uncertain economic environment at the global level. Current instability is prevailing across the globe. It is actually the result of this competition between powerful states, which are increasing their economic volume and threatening poorer states, exploiting them for their economic prosperity. This is unfair and unequal, which will destabilize the entire security of the world, because economic exploitation leads to unrest, chaos, and insecurity, which should be...
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Speaking Time: 47 seconds