The concept of the Balance of Power has long been a significant factor in the realm of international politics. This article examines the evolution of power dynamics across time, starting with its inception in the early modern European state system and extending to its expansion on the global scale. The study delves further into the intricate dynamics of power equilibrium by examining the impact of various perspectives on its implementation and perception. The Peace of Westphalia, which was created in 1648 after the end of the Thirty Years' War, introduced a framework whereby governments aimed to prevent the dominance of a single power and maintain peace via the formation of alliances and the division of power. This event served as the foundational ground for the concept of the balance of power in historical context. The notion, which was originally centred in Europe, ultimately evolved into a fundamental principle of international law. The article also investigates several perspectives on power dynamics, with a specific emphasis on the realism paradigm that prioritizes state-centred evaluations of power and self-interest. The examination also includes an analysis of the liberal perspective, which prioritizes international institutions and collaborative endeavors aimed at maintaining stability. Furthermore, it engages with the constructivist paradigm, which emphasizes the significance of ideas, identities, and norms in shaping international power dynamics and conduct.