The COVID-19 pandemic could not have come at a worse time for the global economy. If history is any guide, the current period of deglobalization, public indebtedness, weakening growth, and the expanding economic role of governments does not bode well for sustainable GDP growth.
NEW YORK – As the world grapples with the COVID-19 pandemic and its economic fallout, it is time to start thinking about the potential barriers to global growth in the post-pandemic era. Governments have ballooned as a result of the crisis, and it will be the state’s job to shepherd the economy toward recovery as the private sector’s contribution to GDP will shrink.
At the same time, major industries that have become more concentrated – particularly in the technology sector – will experience increased regulatory pressure, potentially leading to breakups. The broad trend toward deglobalization will accelerate, undermining trade, capital flows, immigration, and the spread of ideas. The multilateral institutions that have governed the global economy for 75 years will continue to be sidelined.
Horizons Discussion in Belgrade Explores Europe’s Future with Zachary Karabell
Belgrade, September 29, 2025 — The Center for International Relations and Sustainable Development (CIRSD) hosted another edition of its renowned Horizons Discussions series, featuring Zachary Karabell, prominent American author, investor, and founder of The Progress Network, in conversation with Vuk Jeremić, CIRSD President and former President of the UN General Assembly.
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Global Preventive Diplomacy Initiative Launched in New York Ahead of UNGA 80
New York, NY — The Global Preventive Diplomacy Initiative (GPDI) was launched at an exclusive event organized by the Center for International Relations and Sustainable Development (CIRSD) on the top floor of New York’s iconic MetLife Building, bringing together diplomats, philanthropists, business leaders, academics, and thought leaders for a conversation on the future of conflict prevention and international cooperation. The launch came just days before the opening of the 80th Session of the United Nations General Assembly, which annually brings together heads of state and government for the High-Level General Debate — making New York the world’s diplomatic capital.
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Eighty years after its founding, the UN finds itself at a critical juncture. Its purpose is on trial, and its mission urgently requires recalibration. The world it inherited from the scorches of the Second World War no longer exists, yet many of the organisation’s practices remain rooted in a bygone era – out of sync with today’s realities and detached from those it was created to serve.
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