Victor Cha and John J. Hamre
Our traditional institutions of global governance are floundering. The UN Security Council is stymied by Russian and Chinese vetoes. The G20 and World Trade Organization (now up to 160 members) are paralyzed by a lack of consensus. Meanwhile, two bloody wars in Ukraine and Gaza, cohesion among a bloc of autocratic powers, and the renewal of Cold War–like geopolitical rivalries with China have precipitated a world in crisis. At the same time, profound advances in the use of artificial intelligence, synthetic biology, resilient supply chains, and clean development demand new standards and norms, as well as sustained cooperative action.
The G7 leaders must converge in Italy this week with the recognition that their grouping remains the only viable institution of global governance going forward. The G7 must transform from an old boys’ club of financiers chatting about monetary policy to a coalition of action-oriented, like-minded partners inspired to sustain the rules-based international order by addressing issues ranging from Ukraine to digital security. To do this, G7 leaders must consider serious reforms that enhance the group’s capabilities, effectiveness, and legitimacy.
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