Introduction 1

Long-Standing Challenges to Global Governance Institutions 1

Major Powers and Global Order: Nationalism and Strongman Regimes 3

The Global Economy in a Century of Shocks 6

Major Powers and Global Governance: Hierarchical Order in Disarray 10

Alternative Supports for Global Governance 13

Future Imperfect: Avoiding Stagnation and Fragmentation 18

Uncertainty and the Prospects for Global Order 19

Notes 22