Recent 'great transformations' are characterized by a diffusion of power away from the traditional North Western powers and towards the global South. This volume suggests that the world will witness a new era of interdependent hegemony, in which both the existing 'First World' and the emerging 'Second World' are intertwined in a constant process of shaping and reshaping the international order in the nexus of national interest, regional orientation, common economic and political agenda, political alliance and potential conflicts. This collection juxtaposes, from different perspectives and approaches, the discussion on the political economy of the emerging world order with a focus on the rising powers.

Introduction Understanding the Hegemony and the Dialectics of the Emerging World Order, Li Xing; Chapter 1 Theorizing the Rise of the Second World and the Changing International System, Steen Fryba Christensen, Raúl Bernal-Meza; Chapter 2 Constructing and Conceptualizing "Interdependent Hegemony" in an Era of the Rise of the BRICS and Beyond, Li Xing, Óscar García Agustín; Chapter 3 BRICS and Bilaterals: Synergies and Contestations, Renu Modi; Chapter 4 From Boulders to Ashlars - BRICS of a New World Order: Hierarchies of Power and Degrees of Freedom in the Emerging World System of the Twenty-first Century, Leonid L. Fituni; Chapter 5 G20 and C2: Sino-US Relations as an Institutional Cooperation Game?, Lin Hongyu, Li Xing; Chapter 6 China in Africa: Cool Cash or a New World Order?, Søren Villadsen; Chapter 7 A "New Silk Road" Between China and the Arab World: A Problem for the US or the EU?, Wolfgang Zank; Chapter 8 "Chineseness" as Socialization: China and the ASEAN in East Asian Regionalism, Zhang Jiuan, Li Xing;+ NB: An earlier, different version of this chapter has appeared as the Series Editor's Foreword to the eight Classics paperback reprints in the Palgrave Macmillan IPE Series in October 2013, pages ix-xxii., Timothy M. Shaw;