New Models for a New World
As the world struggles to overcome from the COVID-19 crisis, recasting multilateralism and reforming capitalism have become crucial tasks. Both need to become force multipliers in a new system of dynamic value creation. But the fundamental purpose and underlying principles of each will first need to be redefined.
PARIS – With multilateralism in peril, so, too, is financial capitalism. Populist political movements and the pandemic-induced global economic catastrophe have shown that both, rather than being pillars of stability, are levers of political and economic power.