New World Order -

Popularized by Mikhail Gorbachev in 1988, it envisioned a "de-ideologized" international relationship focusing on the UN's central role.

Recent global crises—including the COVID-19 pandemic and Russia's aggression in Ukraine—have signaled the potential end of the liberal international order and the rise of a more fragmented system. The Case for a New World Order - Security in Context

Established in 1944, this order created a dollar-pegged monetary system and institutions like the UN , World Bank , and IMF to foster global stability.