These leaders get it exactly right. We cannot deal with some of the biggest challenges without at least a modicum of international cooperation. At the height of the pandemic, the failure to agree on an expansion of the IMF´´ s lending capacity was shameful. The ongoing tussle over vaccine supplies is also becoming embarrassing. Dealing with cybersecurity and global warming will require much greater ability to collaborate on a global scale. The time to start on that is now.
Andrés Velasco, a former finance minister of Chile, is Project Director of the G30 Working Group on Latin America and Dean of the School of Public Policy at the London School of Economics and Political Science.