Friday, May 08, 2020

Globalization In The Wake Of The First Pandemic War


valdaiclub |  International institutions still represent a compromise between the power capabilities of their participants and the need for relative civilisational interaction between them, writes Timofei Bordachev, Programme Director of the Valdai Discussion Club. Institutions cannot be effective or on their own  it always depends on the ability of states to agree and the presence of objective structural prerequisites for this.

In the second half of April contradictions between China and the United States led to the disruption of the tele-meeting of the G20 countries. Due to the fact that this grouping is considered the most representative and, at the same time, the least binding in terms of decision-making, it was considered until recently the most promising in the context of a “crumbling” world order and the growth of national egoism. However, the first round of the most important interstate confrontation of the new era already called into question the very possibility of discussions between the leaders of the 20 most economically and politically important countries of the world. Somewhat earlier, the US government announced that it plans to stop funding the World Health Organisation (WHO), where it is the main donor. Washington does not like much at the WHO. But the main thing is that China has so far been able to exert more influence on its work than the United States itself. Donald Trump is trying to correct this imbalance in the ways characteristic of his policymaking. The result is not yet obvious. 

Living in a Crumbling World. Valdai Club Annual Report

In each of its annual reports since 2014, the Valdai Discussion Club has consistently spoken of the need to restore global governance – meaning the resolution of emerging and growing problems through institutions-based cooperation between states holding particular political and economic importance to world affairs. This is the fifth such report, and it has the unpleasant task of reporting that the world has now passed a critical juncture with regard to the formation of an effectively functioning international order based on global governance. That is, the world is now moving in a different direction. It has slipped into a clear and undeniable trend of unilateral decision-making. And, although this process is essentially unmanageable, we must strive to understand its consequences.

Report_Living in a Crumbling Worldpdf 1.02 MB