In between International Orders – An Era of Instability: The Need for a Reform Agenda and a New Narrative

Michael Reiterer ()
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Michael Reiterer: The Vienna Institute for International Economic Studies, wiiw, https://wiiw.ac.at/michael-reiterer-s-1751.html

No 75, wiiw Policy Notes from The Vienna Institute for International Economic Studies, wiiw

Abstract: While Russia’s war of aggression on Ukraine is shaking the liberal international order, the Global South is using the occasion to demand overdue reforms and complaining about the neglect of its acute structural problems. Alternative organisations, such as BRICS, the Shanghai Cooperation Organisation and various new development banks, are stepping out of the shadows. At the same time, efforts to achieve more economic security by making supply, production and value chains more resilient are also offering a chance for change – if well steered – to prevent industrial policy at home from turning into protectionism abroad.

Keywords: BRICS; Global South; Economic Security; Indo-Pacific; managing change (search for similar items in EconPapers)
JEL-codes: F02 F13 F53 F55 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2024-05
New Economics Papers: this item is included in nep-cis and nep-int
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