The article argues that the post-Cold War era of U.S. unipolarity, established by the perceived invincibility demonstrated during the Gulf War, has ended. This decline is driven by globalization and technological diffusion, which have democratized advanced military capabilities, allowing regional actors to challenge major powers. Consequently, policymakers must prepare for a more volatile international order marked by frequent crises, heightened costs for securing global trade chokepoints, and reduced predictability from American power. The new rules dictate that great powers can no longer effortlessly impose their will through force.
Investing in a shared future
English Summary
This Brookings publication argues that global cooperation is essential to address shared challenges like climate change and infrastructure gaps, particularly in a fragmented geopolitical landscape. It highlights the crucial role of development finance institutions, specifically the European Investment Bank (EIB), in mobilizing capital and advancing shared priorities. The analysis emphasizes the EIB's potential to drive investment in climate, infrastructure, and sustainable development. Ultimately, the report suggests strengthening multilateral institutions and fostering international partnerships to navigate current global complexities.
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