Step 1: Understanding the Concept:
World order is categorized by the number of power centers (poles) that dominate global politics.
Step 3: Detailed Explanation:
During the Cold War, the world was 'Bipolar' (USA and USSR).
After the collapse of the USSR, it became 'Unipolar' with the USA as the sole superpower.
Currently, with the rise of China, India, Russia, and the European Union, the absolute dominance of the USA is declining.
This distribution of power among several states is known as Multipolarity.
Step 4: Final Answer:
The international order described is Multipolarity.