Jayati Ghosh delivered an address to the launch event of the New International Economic Order on the opportunities of a fragmented geopolitical order for a new world to flourish in its cracks. You can read an excerpt below and the full speech here.
There has never been a more important time to talk about a new multilateralism in a very rapidly changing world. Now that we know that the existing structures of multilateralism are simply not working — not generating either peace or stability or security or economic viability or planetary sustainability — we have to rethink these institutions. We have to think of an international architecture that will work in the current global situation.
This is possible because the world is more fragmented now, for geopolitical reasons and economic reasons. That fragmentation provides an opportunity for all of us who are concerned with much broader economic justice to think of and to work towards generating a genuinely progressive alternative.
