Global leadership works best when liberal great powers embrace a shared, inclusive vision of global order, jointly manage the challenges to that order, and fund the public goods that underpin it. Lately, things haven’t been going so well. Liberal great powers are distracted by domestic priorities, and rising autocratic powers are pushing disruptive agendas.
The two dominant powers—China and the US—find themselves locked in an accelerating strategic competition. And a range of countries—including India, Japan, Germany, Indonesia and Brazil—find themselves struggling with a set of leadership expectations they aren’t well placed to meet.
Let’s start by looking at the world’s 20 largest economies, as measured by GDP size.
Please click here to read the full “Who’s leading, and where are we going?” article published at The Strategist, written by Rod Lyon and Griffith Asia Insitute Research Assistant, Aakriti Bachhawat.