Ex-EU President Addresses Multipolarity And Diminishing Power Of Multilateralism
"The world has become more multipolar than ever, and at the same time, we see that multilateralism is probably weaker than ever. We also witness intense competition among major powers. Across the globe, more and more countries are participating in these processes. This is a long-term trend that we have been observing for several years," Michel stated.
He noted that in addition to traditional competition in the energy sector, new areas of rivalry are emerging.
"In the field of natural resources, we see that through technology and the renewed focus on nuclear energy, new arenas are developing where countries and powers compete with one another," he said.
Michel added that medium-sized states are emerging that do not wish to align solely with a single great power. These countries aim to diversify their partnerships to create more opportunities and greater resilience.
Furthermore, the official emphasized that the Baku Global Forum provides an important platform to improve mutual understanding and take constructive steps amid current global challenges.
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