Global cooperation declining after resilience through 2012-2020: WEF study
global cooperation has started to decline after 2020 due to weakened cooperation in peace and security as well as health and wellness, a new study showed on Monday. Launching a Global Cooperation Barometer, the World Economic Forum said cooperation is possible even in the midst of competition and there are signs of strength, particularly in cooperation on climate and natural capital, trade and capital flows, and innovation and technology.
«The barometer indicates that global cooperation was resilient in multiple dimensions from 2012 until 2020 but overall cooperation declined by 2 per cent from 2020 to 2022,» the WEF said in the report released days before its annual meeting of world leaders in the Swiss ski resort town Davos.
The barometer, developed in collaboration with McKinsey & Company, used 42 indicators to measure five pillars of global cooperation between 2012 and 2022.
These indicators included trade and capital; innovation and technology; climate and natural capital; health and wellness; and peace and security.
According to the barometer, global cooperation showed signs of strength during the years measured in pillars such as trade and capital, innovation and technology, and climate and natural capital.
However, it also reflected the significant challenges the world has faced in the past three years, including reversals in global health cooperation and sharp increases in violent conflict, shown through declines in the barometer's health and wellness and peace and security pillars.
The barometer release follows a year that was the hottest on record and saw escalating levels of conflict worldwide, but that also brought progress on climate action,
