The future of multilateral institutions is being discussed in the context of great power competition. Distinguished fellows and experts in global economics and international studies provide insights into the role of these institutions in addressing global challenges and the impact of great power competition on their effectiveness. The article emphasizes the importance of developing new approaches to trade and other international economic policies. Perspectives from experts at the Council on Foreign Relations, the Center for Strategic and International Studies, the Freeman Spogli Institute for International Studies, and the US Department of State are included. The authors bring diverse backgrounds and expertise in areas such as global economics, political science, international relations, and US-China policy. They provide valuable insights into the future of multilateral institutions and the implications of great power competition on global governance.
A recent opinion article by David Dodwell in the South China Morning Post highlights the urgent need for multilateralism in the face of a global polycrisis. The polycrisis includes challenges such as climate change, pandemic threats, food insecurity, technological competition, trade conflict, and hot wars. Dodwell argues that confidence in open trade, globalization, and multilateral cooperation has faltered, but reports of the collapse of trade and globalization are exaggerated. Instead, the collapse of multilateralism poses a massive threat. Dodwell expresses particular concern about the United States' preference for unilateral power-broker dealing, which undermines multilateral efforts. He emphasizes that multilateral institutions are indispensable for addressing the challenges of the polycrisis, and collaboration and compromise are essential for resolving global challenges. Dodwell calls for a recommitment to multilateral engagement as the highest priority in order to effectively tackle the polycrisis. [ae87f4c4], [fe85b653]
