By Michael Scharfschwerdt
The phrase ‘We agree on the analysis but doubt the means employed’ is part of the standard diplomatic lexicon. The Emerging Middle Powers Report 2024 presents a somewhat different picture when it comes to expert communities in Brazil, Germany, India and South Africa: while there is substantial disagreement on the causes of current global malaises, a deeper dive into the proposed solutions suggests growing consensus, particularly on global governance reform.
Germany strongly advocates a free international order based on international law. This position is rooted in self-interest as the existing order underpins our security, prosperity and freedoms. Yet, it is equally in Germany’s interest to promote the evolution of the current system. After all, the benefits are greater when rules and institutions adapt to changing realities.
The urgency and opportunities of decarbonization, as well as climate adaptation, call for more shared resources. This encompasses reforming the international financial architecture and common approaches to capital-market regulation. In addition, disruptive technologies bring enormous promise and unprecedented challenges simultaneously. Artificial intelligence will change how we work, cure diseases and conduct science, but it will also transform warfare, transnational crime and disinformation. Although less publicized, biotechnology could have a similarly profound impact on our lives. The associated risks will require new forms of global governance, and we should think about mechanisms that will allow all countries to benefit from the enormous potential.
A changing reality that traverses all issues is the diffusion of hard........