The new world order offers a mixture of advantages and disadvantages to a middle developed country and major Third World power like India. India will benefit in a number of ways,
1. Pakistan has already become less important geo-strategically to the US and its allies while India will become more important to them. India's assets, such as its large and mass, population, market potential, dynamic economy and democracy will reinforce its value over Pakistan to the G7 countries.
2. The irritations in US-India relations caused by bipolarity and India's close ties to the former USSR have been removed which should enable more amicable relations between these two governments.
Without close ties to the USSR, India's relations with china should improve, as seen in the recent India-China accord.
4. There should be greater acceptance of India's role as regional power.
5. India can upgrade the technological quality of its weapons by inexpensively purchasing advanced weapons from Russia and former Soviet republics
6. India can attract more foreign investment and imports of high technological products.
7. India may be able to carve out more areas of comparative advantage and to boost its export performance in the world economy.
8. As leading Third World power, India will have greater opportunity for increased leadership, status, and influence in the Third World and to serve as a key negotiator for the South with the North.
9. India and Brazil successfully did to create an environment aid funds as part of the new ozone regime.
1. India's global foreign policy options, room to manoeurve, and power resources have become more limited, since it is not a
permanent member of the Security Council.
2. India has been forced to compete economically with big powers such as USA, France, Germany, China, Japan and UK.
3. The strengthening of Security Council over the General Assembly of UNO and ECOSOC has dimished Indian power in UNO.
4. The majority of Third World countries will probably lose more than they gain from the new world political order. In contrast, India is positioned to benefit quite a bit particularly on the regional and Third World coalition levels.
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