The post-WWII 'rules-based international order' led by the US is fragmenting, a decline accelerated by the Trump administration but rooted in decades of failures like the Iraq War and the 2008 financial crisis.
A new, more chaotic world order is emerging, characterized by fluid, 'minilateral' coalitions of middle powers, small states, and non-state actors forming around specific issues, a concept termed 'polyamorous geopolitics'.
This new system presents a paradox: while it may offer more agile, bottom-up solutions for complex problems like climate change, it creates a dangerous security vacuum without a clear hegemon, leading to increased conflict and nuclear proliferation risks.
Global institutions like the WTO and the UN climate process (UNFCCC) are proving ineffective, forcing a shift towards a messier but potentially more resilient web of regional and issue-specific partnerships.
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Concerns Raised
The world is more dangerous, with more active wars than at any point since WWII, due to the lack of a security-providing hegemon.
The NATO alliance is in 'serious peril', and the risk of nuclear proliferation is increasing as nations like Japan and South Korea contemplate acquiring their own weapons.
Key global institutions, particularly the World Trade Organization (WTO) and the UN climate process, have ceased to function effectively.
Major emitters like China and India are signaling caution on their climate ambitions, undermining the global effort to reduce emissions.
Opportunities Identified
Fluid, 'minilateral' coalitions of middle powers and non-state actors can form to tackle specific transnational problems, bypassing institutional gridlock.
The decline of US hegemony as a guarantor of global oil markets could accelerate the energy transition in energy-importing nations in Asia.
A bottom-up, networked approach to problem-solving may prove more politically resilient and effective for complex issues like climate change than failed top-down treaty models.
Developing nations have more agency to create new systems, such as South Africa's mRNA hub for vaccine manufacturing, to address their specific needs.