With the addition of new members in BRICS+, the group of emerging powers will be more globally representative­—but also face more internal divisions.

By targeting specific trade violations rather than balanced flows, global trade policy has been focusing on the wrong outcome. New trade rules are needed to create an international trading system in which comparative advantage allocates production.

A new paper, Trade Intervention for Freer Trade, Michael Pettis, a nonresident senior fellow in at the Carnegie Endowment for International Peace, and Erica Hogan, a research assistant in the Carnegie Global Order and Institutions program, assess policies that could create a new global trading system that preserves the freedom of nations to direct their economies while harnessing the benefits of trade. Please join Stewart Patrick, director of the Global Order and Institutions Program, for a conversation with Michael Pettis on these and other issues.

The vast majority of UN member states still support multilateral cooperation, but disagreement over the scope of reform has been a major flashpoint.

Demand is growing for more representative and equitable global institutions that are capable of managing the risks and opportunities of interdependence—such as accelerating climate change and rapid technological innovation.

Join Stewart Patrick, senior fellow and director of Carnegie’s Global Order and Institutions program, Anne-Marie Slaughter, Richard Gowan, and Minh-Thu Pham for a deep dive into the rationale behind the Summit and what is—and is not—likely to be included in the Pact that emerges from it.

The time is ripe to transform global economic governance. Policymakers must seize this opportunity to overhaul development financing, reform the international monetary system, restructure sovereign debt, and improve global tax cooperation.

Providing and financing international public goods to cope with the global challenges in a fractured global order will require bold and innovative approaches.

Pressure is growing to raise taxes on the world’s superrich, and the United Nations has an opportunity to turn this momentum into irreversible change.