DUBAI: Geopolitical tensions and rising conflicts in the Middle East, Ukraine and Sudan have caused global cooperation to stall after a period of growth, according to a report from the World Economic Forum.
The second edition of the Global Cooperation Barometer was launched on Tuesday, ahead of the WEF’s annual meeting in Davos from Jan. 20 to 24.
The report, developed in collaboration with McKinsey & Co., found that cooperation was increasing positively over a decade, surpassing pre-COVID-19 levels but stagnated over the past three years due to geopolitical instability.
However, collaboration has continued in various other areas including vaccine distribution, scientific research and renewable energy development, the reported stated.
“The concern with a stalled level of cooperation is that as the world enters the second half of the decade, with critical global deadlines ahead, progress is not where it needs to be,” said Borge Brende, president and CEO of the WEF, during the report’s online launch event.
This rise in global security issues and record levels of humanitarian crises were due to the inability of multilateral institutions to prevent and resolve conflicts in recent years, the report found.
According to UN figures, the number of conflict-related deaths has risen to the highest levels in 30 years, with a record number of 122 million people displaced as of 2024, double the number from a decade ago.
Brende urged the international community to unify and address the mounting geopolitical tensions and competition as leaders approach a highly “complex and uncertain” world.
“The Barometer is being released at a moment of great global instability and at a time when many new governments are developing agendas for the year, and their terms, ahead,” Brende said.
“What the Barometer shows is that cooperation is not only essential to address crucial economic, environmental and technological challenges, it is possible within today’s more turbulent context.”
The Barometer uses 41 indicators to measure global cooperation between 2012 and 2023 across five pillars: trade and capital flows, innovation and technology, climate and natural capital, health and wellness, and peace and security.
Positive momentum in climate finance, trade and innovation offered hope, the report stated.
“Advancing global innovation, health, prosperity and resilience cannot be done alone,” said Bob Sternfels, global managing partner at McKinsey & Co.
“Leaders will need new mechanisms for working together on key priorities, even as they disagree on others, and the past several years have shown this balance is possible.”
He urged world leaders to embrace “disordered” cooperation, as well as develop adaptive and solutions-driven decision-making to navigate a turbulent global landscape.
“By pivoting towards cooperative solutions, leaders can rebuild trust, drive meaningful change and unlock new opportunities for shared progress and resilience in the complex years ahead,” he said.
According to the UN, just 17 percent of the Sustainable Development Goals are on track to meet the 2030 deadline.
The advancement of cooperation in innovation in 2023 drove the adoption of new technologies that benefited multiple areas of life. However, the WEF warned that emerging technologies such as artificial intelligence was reshaping the global landscape, raising the possibility of an “AI arms race.”
“Cooperative leadership and inclusive strategies will be key to harness its vast potential while tackling risks,” according to experts quoted in the report.
The report found that cooperation on climate goals improved over the past year, with increased finance flows and higher trade in low-carbon technologies such as solar, wind and electric vehicles. Yet, urgent action was still required to meet net-zero targets as global emissions continue to rise.
According to UN figures, global temperatures have risen to record levels, with 2024 being the hottest year on record.
Health outcomes, including life expectancy, continued to improve post-pandemic, but overall progress was slowing compared to pre-2020. Brende warned that forging collaboration in a highly fragmented world was crucial to address cross-border challenges.
Seven million people died from COVID-19, while the US has reported the first human death linked to bird flu on Tuesday. Cybercrime cost the world $2 trillion in 2023, he added.
“With pandemics, there is no other way than using the tools we have for early warnings. We have to come together and put all resources to move much faster than we did.
“COVID-19 was the worst pandemic we had seen in 100 years, but I don’t think it will take 100 years before we see the next pandemic,” warned Brende.
The report revealed that although cross-border assistance and pharmaceutical research and development have declined, and cooperation on trade in health goods and international regulations stalled, various health metrics including child and maternal mortality remained strong.
Goods trade declined by 5 percent, driven largely by slower growth in China and other developing economies, while global fragmentation continued to reduce trade between Western and Eastern-aligned blocs. However, Brende said a 3 percent increase in global trade is expected this year.
Despite this, the report found global flows of services, capital and people showed resilience. Foreign direct investment surged, particularly in strategic sectors including semiconductors and green energy, while labor migration and remittances rebounded strongly, surpassing pre-pandemic levels.
“There should be enough common interest to collaborate even in a competitive world. So I hope that this Barometer will then be a useful tool for leaders around the world to know where we stand today, as well as the risks and opportunities we face,” he said.
The WEF’s annual meeting will convene global leaders under the theme “Collaboration for the Intelligent Age.” The meeting aims to foster new partnerships and insights in an era of rapidly advancing technology.
