The contemporary world order is poorly suited to the dynamic international system, generating a sense of crisis. This order, a complex political, institutional, cultural, and normative response, comprises numerous interwoven regional and partial arrangements beyond just global security and macroeconomic structures, encompassing areas like banking, travel safety, and climate.
While the post-Second World War order successfully addressed existential issues like preventing depressions, managing decolonization, and inhibiting great power wars, its very success in "taming scarcity" has inadvertently created "problems of plenty." These new challenges include climate and ecological threats, inequality, mass migration, pandemics, cybercrime, misinformation, and polarization. The current order, designed for scarcity, is now inadequate for these triumphs' consequences, as evidenced by its failure to effectively manage the Covid-19 pandemic. This inadequacy erodes legitimacy and fuels global anxiety, further complicated by future demographic shifts towards aging and shrinking populations.
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