With the end of the Cold War, the Non-Aligned Movement (NAM) has lost its relevance and significance. Many believed that the international system was moving towards a permanent unipolar new world order. The last decade, however, witnessed the emergence of new power-centers with the ability to restructure the world into several blocs. Now, some believe in a Second Cold War. Despite these changes, several common challenges faced by societies of the Global South remain and new challenges have emerged. The Global South does not have to reinvent the wheel to effectively deal with the new global realities and challenges. The institutional framework, the NAM is still functioning. It, however, needs to be reshaped and reenergized. This paper is written with secondary data. First, the paper surveys the theoretical and practical problems faced by NAM. Second, it explores the possibility of reshaping and transforming NAM into a robust, unifying institution. With the end of the Cold War, the Non-Aligned Movement (NAM) has lost its relevance and significance. Many believed that the international system was moving towards a permanent unipolar new world order. The last decade, however, witnessed the emergence of new power-centers with the ability to restructure the world into several blocs. Now, some believe in a Second Cold War. Despite these changes, several common challenges faced by societies of the Global South remain and new challenges have emerged. The Global South does not have to reinvent the wheel to effectively deal with the new global realities and challenges. The institutional framework, the NAM is still functioning. It, however, needs to be reshaped and reenergized. This paper is written with secondary data. First, the paper surveys the theoretical and practical problems faced by NAM. Second, it explores the possibility of reshaping and transforming NAM into a robust, unifying institution.