These leaders get it exactly right. We cannot deal with some of the biggest challenges without at least a modicum of international cooperation. At the height of the pandemic, the failure to agree on an expansion of the IMF´´ s lending capacity was shameful. The ongoing tussle over vaccine supplies is also becoming embarrassing. Dealing with cybersecurity and global warming will require much greater ability to collaborate on a global scale. The time to start on that is now.
Andrés Velasco, a former finance minister of Chile, is Dean of the School of Public Policy at the London School of Economics and Political Science.