Programming Partner: OECD Global Strategy Group, chaired by Greece
The world has shifted to a new geopolitical reality characterized by conflict and the weaponization of interdependence, multipolarity in tandem with polarization, and the growing inability of multilateral institutions to uphold a functioning rules-based global trading order. Governments are facing acute challenges for sustaining sound public finances. De-risking supply chains comes with costs. Meeting investment priorities in security and defence, supporting Ukraine, financing the green and digital transitions, engaging with the “Global South”, offsetting the influence of third powers, addressing the consequences of ageing and the climate crisis, all imply hard policy choices and trade-offs. What are the policy dilemmas emerging from this global landscape? And how should government policies be redesigned to navigate these acute challenges?
