Alexander Studd, President of Finland, writes:

The world has changed more in the past four years than in the previous 30. Our news feeds brim with strife and tragedy. Russia bombards Ukraine, the Middle East seethes, and wars rage in Africa. As conflicts are on the rise, democracies, it seems, are in demise. The post–Cold War era is over. Despite the hopes that followed the fall of the Berlin Wall, the globe did not unite in embracing democracy and market capitalism. Indeed, the forces that were supposed to bring the world together—trade, energy, technology, and information—are now pulling it apart.

We live in a new world of disorder. The liberal, rules-based order that arose after the end of World War II is now dying. Multilateral cooperation is giving way to multipolar competition. Opportunistic transactions seem to matter more than defending international rules. Great-power competition is back, as the rivalry between China and the United States sets the frame of geopolitics. But it is not the only force shaping global order. Emerging middle powers, including Brazil, India, Mexico, Nigeria, Saudi Arabia, South Africa, and Turkey, have become game-changers. Together, they have the economic means and geopolitical heft to tilt the global order toward stability or greater turmoil. They also have a reason to demand change: the post–World War II multilateral system did not adapt to adequately reflect their position in the world and afford them the role that they deserve. A triangular contest among what I call the global West, the global East, and the global South is taking shape. In choosing either to strengthen the multilateral system or seek multipolarity, the global South will decide whether geopolitics in the next era leans toward cooperation, fragmentation, or domination.

The next five to ten years will likely determine the world order for decades to come. Once an order settles in, it tends to stick for a while. After World War I, a new order lasted two decades. The next order, after World War II, lasted for four decades. Now, 30 years after the end of the Cold War, something new is again emerging. This is the last chance for Western countries to convince the rest of the world that they are capable of dialogue rather than monologue, consistency rather than double standards, and cooperation rather than domination. If countries eschew cooperation for competition, a world of even greater conflict looms.

Every state has agency, even small ones such as mine, Finland. The key is to try to maximize influence and, with the tools available, push for solutions. For me, this means doing everything I can to preserve the liberal world order, even if that system is not in vogue right now. International institutions and norms provide the framework for global cooperation. They need to be updated and reformed to better reflect the growing economic and political power of the global South and the global East. Western leaders have long talked about the urgency of fixing multilateral institutions such as the United Nations. Now, we must get it done, starting with rebalancing the power within the UN and other international bodies such as the World Trade Organization, the International Monetary Fund, and the World Bank. Without such changes, the multilateral system as it exists will crumble. That system is not perfect; it has inherent flaws and can never exactly reflect the world around it. But the alternatives are much worse: spheres of influence, chaos, and disorder. [Continue reading…]