Trend Trend N: Fracturing of global governance into rival blocs

Summary

The existing global governance system is weakening as multiple groupings such as the G7 and an expanded BRICS drift into rival camps. Challenges to dollar hegemony, the spread of digital currencies and tighter controls on technology and capital are accelerating economic bloc formation. Leadership gaps and fragmented norms are appearing at the same time in managing global public goods such as climate, health and food. The trend groups issues on multilayered and fluid global governance, transformation of the international economic and monetary system, a leadership vacuum over global public goods, global technology gaps and digital inequality, and stronger corporate social responsibility. Experts rated it among the trends with the highest uncertainty.