The institutions of international cooperation established after World War II are the bête noire of populists and nationalists everywhere. But unless the sources of growing public discontent with the status quo are addressed, such forces will only become stronger, with dire implications for global stability and security.
In this Big Picture, Angel Gurría calls on world leaders to address the areas where multilateralism has not delivered broadly shared benefits. A crucial first step, Mohamed El-Erian argues, is to develop a new economic paradigm to replace the discredited Washington Consensus.
Ngaire Woods suggests that process could be improved with diverse coalitions of stakeholders driving international cooperation forward. Otherwise, Brahma Chellaney warns, the world could end up a hostage to the competing interests and petty whims of a new G2: America and China.
We hope you're enjoying Project Syndicate.
To continue reading, subscribe now.
Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
Already have an account or want to create one to read two commentaries for free? Log in