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

By: Reiterer, Michael.
Material type: materialTypeLabelBookSeries: wiiw Policy Notes and Reports: 75Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2024Description: 15 S., 30cm.Subject(s): BRICS | Global South | Economic Security | Indo-Pacific | managing changeCountries covered: BRICS | China | EU | G7 | G77 | Indo Pacific | Japan | OECD | OSCE | Russia | Shanghai Cooperation Organisation | South Korea | UN | North Koreawiiw Research Areas: International Trade, Competitiveness and FDI | Regional DevelopmentClassification: F02 | F13 | F53 | F55 Online resources: Click here to access online Summary: 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.
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Paper WIIW Library 75 (Browse shelf(Opens below)) Available 1000010006836

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.

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The Vienna Instiute for International Economic Studies (wiiw)

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