In the midst of pressure from United States President Donald Trump, multilateralism still has support. International Monetary Fund managing director Christine Lagarde has offered “new multilateralism” as a counter-idea to challenge skepticism about the future of multilateralism. Lagarde’s new multilateralism sends a strong message to the international community that the multilateral approach remains effective for international cooperation. However, it needs to be adjusted.
There have been at least three important occasions in which Lagarde has raised her idea of new multilateralism. In 2014, she started to promote new multilateralism as a tool to cope with demographic shift, environmental degradation and income inequality. She argued that new multilateralism would provide an impetus for listening more to the new voices; not only to the major powers. ...
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