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Ian Bremmer is the president of Eurasia Group, the leading global political risk research and consulting firm. Here he gives the talk “The Rise of the Different: Why the Global Order Doesn't Work and What We Can Do About It.” His analysis focuses on global macro political trends and emerging markets, which he defines as “those countries where politics matter at least as much as economics for market outcomes.”
China, India and other emerging countries are still poor. They will still be poor for many years. They do not have the capacity for foreign aid and do not have the institutions to do what the developed countries have done. The US is stepping back from leading the world. On trade and climate and other activities, we should drop the push for big global agreements and focus on narrower and deeper action by like minded countries. As the other countries get wealthier and their interests become more aligned then they will join those stronger frameworks.