Overview of the Global Cooperation Barometer
- The Global Cooperation Barometer is a comprehensive tool designed to help leaders understand the complexities of global cooperation.
- The Barometer examines trade and capital flows, innovation and technology, climate and natural capital, health and wellness, and peace and security.
- The second edition draws on new data, providing an updated view of the cooperation landscape, especially in light of technological advancements.
Current Global Instability
Trends in Global Cooperation
Opportunities Amidst Challenges
Despite the decline in peace and security, the Barometer identifies emerging opportunities for cooperation in areas like vaccine distribution, scientific research, and renewable energy. These collaborative efforts serve as models for future international partnerships, showcasing that cooperation can persist even in challenging circumstances.
Technological Advancements and Cooperation
The Barometer notes advancements in technology and innovation in 2023, largely due to the digitisation of the global economy. This shift has led to increased adoption of new technologies and a decrease in lithium battery prices. However, the rise of emerging technologies, particularly artificial intelligence, poses new challenges and risks, potentially leading to an “AI arms race.”
Climate Cooperation Progress
Cooperation regarding climate goals has improved, with increased financial flows and trade in low-carbon technologies. Nevertheless, urgent actions are necessary to achieve net-zero targets, as global emissions continue to rise. The Barometer stresses that enhanced global cooperation is critical for scaling up technologies and securing the required financing to meet climate objectives by 2030.
Health Cooperation
Post-pandemic health outcomes have shown improvements in life expectancy, although overall progress is slowing compared to pre-2020 levels. While some health cooperation metrics have declined, others, such as child and maternal mortality rates, remain strong. Leaders are urged to invest in global cooperation to strengthen public health systems in light of rising health risks and ageing populations.
Trade and Economic Flows
The report indicates mixed results regarding the flow of goods and services. Goods trade declined by 5%, influenced by slower growth in China and other developing markets. However, foreign direct investment has surged, particularly in sectors like semiconductors and green energy. Labour migration and remittances have also rebounded, exceeding pre-pandemic levels.
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