The COVID-19 pandemic continues to wreak havoc across the globe, disrupting the globalized and interconnected world. With the vaccine rollout, some regions are finally getting a handle on both the disease and the economy.
Many world leaders believe globalization was in retreat even before the pandemic. They argue that to prepare for the post-COVID-19 era, new energy must be infused into global governance through multilateral actions.
Finding common solutions to the challenges of climate change, transitioning to clean energy, terrorism, cyber security, and emerging technologies will require much more global governance than the international community has been able to muster.
Governance advocates point to the July 1 agreement by 131 countries to establish a minimum tax rate of at least 15 percent for multinational corporations as an historic…