Key actors in the transatlantic community and the Global South have become dissatisfied with what they perceive as an unequal distribution of the gains from global cooperation. But fragmentation of the world economy could derail growth, especially in low-income countries, turning zero-sum thinking into a self-fulfilling prophecy.
MUNICH – If the international community was ever on track toward a more peaceful and just global order, it was during the early post-Cold War years. While global governance was not free of flaws, the risk of a great-power war seemed low, and poverty was declining. Moreover, the initial results of summits dedicated to promoting development and safeguarding the environment raised hopes for breakthrough solutions to humanity’s most pressing problems.
MUNICH – If the international community was ever on track toward a more peaceful and just global order, it was during the early post-Cold War years. While global governance was not free of flaws, the risk of a great-power war seemed low, and poverty was declining. Moreover, the initial results of summits dedicated to promoting development and safeguarding the environment raised hopes for breakthrough solutions to humanity’s most pressing problems.