EBOOK

New World New Rules

Global Cooperation In A World Of Geopolitical Rivalries

George Papaconstantinou
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Year
2024
Language
English

About

The need for collective action has never been greater, but geopolitics, structural changes and diverging preferences mean that existing global governance arrangements, devised at Bretton Woods in the 1940s, are either unravelling or outmoded. Reconciling this contradiction is today's pressing global policy challenge.


In this short book, two of Europe's most-experienced policymakers and analysts outline a new agenda for global governance. They examine governance practices across several key policy areas – climate, health, trade and competition, banking and finance, taxation, migration and the digital economy – and consider what works and what doesn't, and why. The global governance solutions they put forward are ambitious but pragmatic. They require complexity, flexibility and compromise. Attributes that global governments are demonstrably short of, but today's global crises urgently demand.

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Reviews

"At times engrossing and consistently incisive, this lucidly written study of the new world order offers a bold blueprint for rethinking global governance in our fractured world. The authors champion pragmatic multilateralism, focusing on shared interests in the face of conflicting priorities. Carefully researched, the book provides an honest, realistic diagnosis of the forces behind today's tecto
Bengt Holmström, Nobel laureate, Economics 2016, Emeritus Professor, MIT
"Papaconstantinou and Pisani-Ferry offer a fresh, clear-eyed perspective on the global economy's balancing act between economics and geopolitics, fragmentation and integration, and cooperation and rivalry. As they note, the world requires new rules of the road that recognize the declining power and influence of the West."
Pascal Lamy, former Director-General, World Trade Organisation

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