Global Governance in Peril? | Figure for the Issue
Global Governance in Peril?
VIDEO | Beatrice Weder di Mauro on the Davos Forum
© The Graduate Institute, Geneva
Global Governance in Peril?
© The Graduate Institute, Geneva
The multipolar world succeeding US hegemony in the early 21st century, the financial crisis of 2007 and the corollary decline of liberalism seem to have ushered in an era of economic nationalism. States are increasingly left to fend for themselves as multilateral mechanisms lose traction and international economic relations gain in toxicity. The sanctions, embargoes and retaliations arising from the war in Ukraine, but also an accelerating struggle for dwindling natural resources, have pushed these logics to new heights. This Dossier assesses ongoing geoeconomic transformations and their potentially devastating consequences.
While the global balance of power, under the impetus of the steady rise of China, is shifting towards the Asia-Pacific, and because the future of US policy is uncertain after the election of Donald Trump, tensions in the South China Sea have once again become a major strategic concern. The South China Sea is witnessing a series of sovereignty disputes between littoral states defending rivalling claims to maritime rights and boundaries. Adding weight and urgency to the disputes are the significant natural resources found in the coveted archipelagos and sea beds as well as the rising national sentiments in many of the claimant states. The geostrategic dimension of these quarrels is largely transcending the region and the involvement of external powers such as the United States further complicates the equation. The recent legal victory of the Philippines over China can be seen as a supplementary cause for anxiety in a latent conflict that may at any time escalate into a regional or global confrontation. Henceforth the search for a negotiated solution becomes crucial as military budgets continue to soar in the region.
While the 20th century has been characterised by the generalisation of democratisation processes, the 21st century seems to have started with the reverse trend. An authoritarian-populist nexus is threatening liberal democracy on a global scale, including in its American and European heartlands. Charismatic leaders – thriving on electoral majorities and popular referenda – methodically undermine the rule of law and constitutional safeguards in order to consolidate their own power basis. Coupling inflammatory rhetoric with modern communication technologies, they short-circuit traditional elites and refuse to abide by international norms. Agitating contemporary scourges such as insecurity, loss of identity, mass migration and corrupt elites, they put in place new laws and mechanisms to harness civil society and political opponents. In order to better understand the novelty, permanence and global reach of “illiberal democracy”, this second issue of Global Challenges proposes seven case studies (Russia, Hungary, Turkey, the Middle East, Uganda, Venezuela and the United States) complemented by a series of expert interviews, maps and infographics.
