"The problem of American power in the 21st century, then, is not one of decline but what to do in light of the realization that even the largest country cannot achieve the outcomes it wants without the help of others," Harvard University professor Joseph S. Nye wrote in the November/December issue of the journal Foreign Affairs.

This diagnosis cuts to the heart of the matter, as the overwhelming momentum of globalization has changed the world stage into a multi-tiered and multi-dimensional community of common interests, where almost every nation is a stakeholder. Technological innovations and new ideologies have only deepened the interdependence of its members.

Hegemony is no longer omnipotent, and unilateralism is destined for the ash heap of history. Multilateralism will steer the world into a more equitable and democratic future. The interwoven network of national interests has emerged clearly in the wake of the worldwide financial turbulence that erupted in 2008, evoking memories of the Great Depression.

A more fundamental lesson from the past 10 years is that the different nations sharing the same world are able to enjoy peaceful coexistence and common development. Through friendly exchanges different parties will better understand how the "flat world" works, and will accordingly modify their own development approaches on the basis of their realities to fit the global grid.

The development modes of China, Brazil and Russia all bear a non-Western stamp. Rather than resisting or subverting the international norms, the emerging economies are dovetailing with, and making amendments, to them. They champion multilateralism instead of unilateralism, pluralism instead of monism, toleration instead of confrontation and cooperation instead of contention. Their development not only relies on, but also contributes, to world peace. Take China, for example, and its continued commitment to worldwide peaceful development and win-win cooperation.

What is worrying is that certain countries remain stuck in hegemonic thinking, cling to a Cold War mentality, or retreat time and again into isolationist and protectionist shells for their own short-term interests.

The path of the future is yet to be trod but the beacons are already lit: modernization is not Westernization, cooperation outweighs confrontation, and human civilization is heading for a more harmonious world with different nations coexisting in peace and prosperity.

The authors are writers with Xinhua News Agency.