
May 12, 2025
Though the international order has changed greatly over the past decades, the transformation now underway is significantly deeper and more profound. The post-1945 multilateral system—largely constructed under U.S. hegemony and framed by liberal values including open markets, rules-based cooperation, and a commitment to global development—is fragmenting. Over the past decade, a series of systemic shocks, including the COVID-19 pandemic, rising geopolitical tensions, and the return of ...