Redressing the global imbalances

World cooperation urged to reduce growing inequalities among nations post-pandemic

Disparities between rich and poor as well as between developed and developing nations in terms of wealth, public health and digital issues are widening across the globe, and countries have no other choice than to join hands to tackle the unprecedented crisis triggered by the COVID-19 pandemic, senior international relations scholars said.

At a launch ceremony for the China Institute of International Studies’ signature annual report — The CIIS Blue Book on International Situation and China’s Foreign Affairs — scholars stressed the need for global cooperation to bridge the gaps.

“Working together is the only way for us to overcome difficulties, and differences and confrontations will make us repeat the mistakes of history,” Xu Bu, president of the CIIS, said at the event.

The world today is experiencing great changes not seen in a century, and the COVID-19 pandemic has had a profound impact on international politics, the global economy and global governance, Xu said.

“Multipolarization continues to develop, and new changes have taken place in the balance of different powers around the world,” Xu said.

The global economy is resuming growth, and the prospects of a modest recovery are increasing, Xu said.

But the new scientific and technological revolution is just around the corner, and the digital disparity between developing and developed countries will further widen, he said.

Chen Dongxiao, president of the Shanghai Institutes for International Studies, warned that the pandemic has “unprecedentedly reversed the trajectory of global progress in poverty relief over the past 30 years” and caused a drastic increase in the number of people falling back into poverty worldwide.

The global economy is undergoing a “K-shape recovery”, which means rich countries become even richer while low-income countries become poorer, Chen said.

To address such an imbalance and sluggish recovery, China could work with other countries to share its experiences and to “build on a new agenda of global cooperation”, he said.

Countries should promote inclusive growth, resist vaccinerelated nationalism, save the fragile environment, bolster the role of multilateral agencies and encourage the digital economy to narrow disparities, he added.

Ruan Zongze, vice-president of the CIIS, said China is gaining selfconfidence by fighting the novel coronavirus, and the struggle displays “the great dynamism of the country’s institutions”.

While China’s growth helps shore up confidence of developing countries, it should also continue addressing its imbalance in its own development, Ruan added.

Jia Qingguo, a member of the Standing Committee of the Chinese People’s Political Consultative Conference National Committee and director of the Institute for Global Cooperation and Understanding at Peking University, said the threat of largescale infectious diseases to national and global security is “scaling up and intensifying”, and some policy adjustments are required.

Jia called for a rethinking of responses to large-scale infectious diseases and their impact on the future. The United States has “suffered a great impact on its soft power, as well as its hard power” due to its poor response, said Jia, a leading expert and professor of US studies.