Multinational corporations are the shining face of the new world order, led and ruled by multinational corporations, especially those in the US-led liberal international order.  That world order sometimes referred to as the “Washington Consensus,” is led by big Chief Executives Officers of the world’s large private companies. The notion of nation-state is being replaced by terms such as business models, investments in global brands, and international innovations.

The next global order, like past orders, will basically be made of institutions and organizations. According to Professor John Mearsheimer, the R. Wendell Harrison Distinguished Service Professor of Political Science at the University of Chicago, institutions are basically composed of rules, norms, and principles. When they are international, they apply to every individual, business, and government worldwide including those in Africa. In other words, the next world order will also run through the African continent.

The new world order is already here.