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Global economic governance needs to better reflect weight of Global South

2026-02-02 09:23   环球时报网英文版

  Of course, the global system cannot operate on a "one person, one vote" model. If it did, India, China, Africa, and Southeast Asia - together representing more than half of humanity - would command a majority. Yet global institutions must still earn the trust of this demographic majority while gaining the support of the world"s most powerful economies.

  Fortunately, we do not need to reinvent the entire system. First, we must expand and deepen global dialogue, especially among the Global South, but also between East and West, and between North and South. Dialogue is humanity"s oldest and most reliable method for building understanding. Today, the Global South accounts for over 40 percent of global economic output and contributes around 80 percent of global economic growth. It is high time for global conversations that genuinely integrate their perspectives in shaping global norms, rather than relegating them to the margins.

  Second, we must retire outdated approaches to multilateralism. Let us be frank: Weakening global institutions for short-term gain is irresponsible. A stronger multilateral system serves the long-term interests of all - large and small, East and West, North and South.

  Third, we must cultivate a global ethic. This idea recognizes that our moral community has expanded over time, propelled by technology that brings distant suffering into our homes, and moral logic that insists all human beings possess the same rights. Principles such as "treat others as we wish to be treated" are universal; they appear in every civilization. Building global governance on such shared ethical foundations is not only possible, but also necessary.

  Let"s end on a hopeful note: Humanity has solved seemingly impossible problems before. The task ahead is not to design a perfect system, but to build a better one - more inclusive, more legitimate, more representative, and more attuned to the needs of all of humanity.

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