Club de Madrid discusses the current global system and governance at the Imperial Springs Forum in China

The Imperial Springs International Forum (ISIF), titled Global Governance and China’s perspective, will provide the setting to engage in an open dialogue between experienced political leaders from across the globe, members of Club de Madrid (CdM), and top Chinese leaders. During the event, they, together with a select group of international and Chinese experts, scholars and private sector representatives will contribute to the discussion on how to make the global governance system fit for purpose in a changing and sensitive geopolitical landscape.

The core of our global governance system has remained basically unchanged and is increasingly being viewed as ineffective in tackling the multiple, complex and often transnational 21st century challenges. The United Nations and Bretton Woods organizations served most nations well during the second half of the 20th century, dealing with the cold war, global and financial security and development. But many of the multilateral institutions are today regarded as unrepresentative, feeble and even obsolete structures, suffering from a significant decline in both legitimacy and accountability.

The need for a reflection on the way to shape and reshape the normative order is what has driven the creation of this forum, held only a few weeks after the XIXth Chinese Communist Party Congress and focused on the challenges of multilateralism and global governance. Chinese leadership will engage with global political leaders, expert practitioners and scholars and they will address three fundamental drivers of the latter – peace and security, trade and finance and environmental sustainability – analyzing how best to unleash their full potential for inclusive, sustainable and peaceful development in a renewed, global normative order.

The need for a shared vision is the inevitable first step in the development of a system that can be accepted as legitimate by all, that takes into account the interests of states and their citizens, and that balances these with the requirements of regional and global stability and progress, and that @leaves no one behind”.

The forum is organized by Club de Madrid, The Chinese People’s Association for Friendship with Foreign Countries (CPAFFC), a national people’s organization engaged in people-to-people diplomacy of the People’s Republic of China, and the Australia and China Friendship Association (ACFEA), a non-for-profit institution based in Australia whose president is Dr. Chau Chak Wing, a prestigious leader in the Chinese community of Australia.

You can download the book of conclusions here.