The opinion piece emphasizes the need for global governance to adapt to the new realities of international relations, which are characterized by increased economic diffusion, environmental constraints, and rising political fragmentation. The author suggests that the traditional framework of global governance, built during the era of bipolar rivalry and sustained by American dominance, is no longer sufficient to address today's complex challenges such as climate change, digital fragmentation, and supply-chain insecurity.

Moreover, the article points out the growing trend of populism in Western nations, which threatens to undermine multilateral institutions that are seen as impediments to national prosperity. This populist sentiment complicates the establishment of a cooperative international environment, as countries seem to prioritize their individual interests over collective goals. Despite these tensions, the article argues that nations are still seeking cooperation based on shared interests, indicating a contradiction in the current geopolitical climate.

In conclusion, the piece calls for a re-evaluation of existing governance frameworks to address contemporary issues effectively. It stresses that multilateral institutions must evolve to reflect the current distribution of global power and address pressing challenges effectively. Acknowledging the interconnectivity of modern society through trade and technology, the author urges for a new governance model that meets the demands of today's interconnected world.