Expansion in globalization arising from increased interconnectivity and interdependence across the worldis causing a shift both in the focus of what now could determine the principal international powervariables and the criteria for power balancing calculus. One direct challenge to the status quo is theemergence on one hand of new state actors which are becoming more assertive, as well as some other newkey non-state actors now matching states seemingly one-on-one on the world stage in many spheres ofinternational political concourse. Consequently, there is a visible or perceptible shift from the current USledunipolar ‘New World Order’ to a new form of multi-faceted power balancing structure that abstractssharply from the traditional patterns of international power balancing calculus. The predominant positionof the US in a post-Cold-War order is being threatened on several fronts. Consequently, unipolarityappears to be obviously on its decline. However, the US has started to respond in kind to such new threatsto its continued international hegemony. It is a unilateral response that seeks to perpetrate unipolarity. Buthow long can it hold on to its grip and status as a global hyper power balancer? The challenges presentedby such sundry scenarios including also other new related developments are exhaustively tackled here inthis article.Key words: globalization, New World Order, international hegemony, unipolarity