Policy Brief

Collective action in a fragmented world

International collective action is in search of a new paradigm. It cannot rely anymore on global binding rules supported by universal institutions. Ne

Publishing date
11 September 2019

The issue

There is a greater need than ever for international collective action. From climate preservation to financial stability and internet security, heightened interdependence calls for common responses to global threats. Obstacles to global collective action are no less formidable. Beyond President Trump’s stance and worldwide concerns over sovereignty, the China-US rivalry and the emergence of a multipolar world are impediments of a structural nature. The legal and institutional architecture of the rules-based global governance system looks increasingly incomplete and obsolete. A process of fragmentation has started to affect its core tenets. None of the main players is providing leadership. The US is increasingly questioning its post-war role; China is reluctant to invest in a system designed by others; Europe remains too weak and fragmented to offer sufficient leadership.

Policy challenge

International collective action is in search of a new paradigm. It cannot rely anymore on global binding rules supported by universal institutions. New forms of cooperation have emerged in a number of fields. These are soft pledge-and-review mechanisms, cooperation between independent agencies, regional groupings, coalitions of the willing and open partnerships involving non-state participants and knowledge networks. To maximise the effectiveness of such arrangements, they should rely on a limited set of universal principles and be served by nimble and legitimate institutions. Existing international institutions should be regarded as globalisation’s social capital. There are problems that will not be solved without having recourse to strong participation and enforcement mechanisms such as sanctions or pecuniary incentives. Europe should equip itself to be an effective player in this new global game. This calls for internal governance reforms.

About the authors

  • Jean Pisani-Ferry

    Jean Pisani-Ferry is a Senior Fellow at Bruegel. He specialises in the economic impact of climate action, European economic policy issues and international collective action.

    His research covers macroeconomic policy (including the economic implications of climate action and post-COVID recovery), global economic governance and multilateralism (examining how multilateral institutions confront global asymmetries), European integration, monetary-fiscal union, the euro area’s reform path and national policy analyses, especially French economic strategy and public-investment agendas.

    He speaks English and French.

    He is also a Non-Resident Senior Fellow at the Peterson Institute (Washington DC) and a Professor of Economics at Sciences Po (Paris). He serves as non-executive chair of I4CE, the French institute for climate economics. Pisani-Ferry served as Commissioner-General of France Stratégie from 2013 to 2016. In 2017, he contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. From 2005–2013, he was the Founding Director of Bruegel. Beforehand, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000) and Director of CEPII, the French institute for international economics (1992-1997).

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