Can Multilateral Cooperation Coexist with Great-Power Rivalry?
Recent US initiatives concerning new IMF special drawing rights, corporate taxation, and climate change highlight America’s renewed support for global cooperation. The big question now is whether multilateralism can work – and how China will respond to these proposals, given rising bilateral tensions.
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WASHINGTON, DC – Three important recent initiatives from US President Joe Biden’s administration illustrate America’s reengagement with the world and support for inclusive global multilateralism. The big question now, with the United States again seeking to play an international leadership role, is whether such cooperation can work – and how China will react to the US proposals, given rising bilateral tensions.