The session on "Bifurcation of the Global System amid Cold War 2.0" delves into the intricate dynamics reshaping the world's geopolitical landscape. This engaging presentation is centered around four key topics, reflecting the complexities of contemporary geopolitics and technology. 1. Bifurcation of the Political Economy: The session begins with an insightful analysis of the growing division in the global political economy. Here, the focus is on how major powers are forming distinct economic blocs, each with its own policies, practices, and ideologies. The discussion highlights how these blocs are influencing global trade, financial systems, and economic governance, leading to a fragmented global economic landscape. Fourth Industrial Revolution: Attention then shifts to the transformative impact of the Fourth Industrial Revolution. This part of the session explores how advancements in technology, such as AI, robotics, and biotechnology, are not only reshaping economies but also becoming pivotal elements in geopolitical strategies. The discussion emphasizes how technological supremacy is becoming a crucial aspect of national power and how this is influencing global strategic alignments. Competition over Norms, Rules, Standards, and Values: A critical part of the session addresses the intensifying competition to set international norms, rules, standards, and values. Here, the dialogue focuses on how different blocs are vying to influence these aspects to reflect their ideological stances and strategic interests. The role of international organizations and the challenges in maintaining a universal set of norms in a bifurcated world are explored in depth. Forging New Partnerships and Alliances: The final topic discusses strategies for forging new partnerships and alliances in this evolving landscape. The session offers insights into how states and businesses can navigate this complex environment, balancing national interests with the need for international cooperation. The discussion also highlights the potential for new alliances, which may cross traditional geopolitical lines and strategies.