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Recent Threats to Multilateralism

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  • Johannes Linn

Abstract

Multilateralism and the multilateral institutions face serious threats. This in turn threatens the continuing progress in solving critical global economic and social challenges: slowing global economic growth and recurring global financial crises; growing inequality and—despite significant improvements in living conditions worldwide in recent decades—persistent deprivation due to poverty, hunger, conflict and fragility, especially in Africa; rising challenges to an open global trading regime; and the pervasive risks of pandemics, natural disasters, and climate change. This article aims to assess the threats faced by multilateralism and multilateral institutions and to develop some ideas on how they might be addressed. Just to be clear, though, multilateralism is not just about the financing of investments. It is also very important about developing and maintaining rules-based and fair global economic and social relations among countries and peoples, about setting widely accepted norms and monitoring their adherence, about establishing networks to create, collect, and exchange knowledge and data, and about resolving potential conflicts among partners and competitors for global resources, markets, and influence.

Suggested Citation

  • Johannes Linn, 2017. "Recent Threats to Multilateralism," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 9(1-3), pages 86-113, January.
    • Handle: RePEc:sae:emeeco:v:9:y:2017:i:1-3:p:86-113
    DOI: 10.1177/0972063417747765
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    References listed on IDEAS

    as
    1. Aggarwal, Vinod K & Evenett, Simon, 2013. "A Fragmenting Global Economy: A Weakened WTO, Mega FTAs, and Murky Protectionism," CEPR Discussion Papers 9781, C.E.P.R. Discussion Papers.
    2. Easterly, William, 2007. "The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill And So Little Good," OUP Catalogue, Oxford University Press, number 9780199226115.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Multilateralism; populism; G20; global governance;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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