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GLOBAL COOPERATION BAROMETER

16th January, 2024

GLOBAL COOPERATION BAROMETER

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Picture Courtesy: www.polity.org.za

Context: The Global Cooperation Barometer 2024, released by the World Economic Forum (WEF) and developed in collaboration with McKinsey & Company, highlights significant challenges faced by the world in the last three years.

Key Highlights of the Report

Challenges in the Last Three Years

  • The world has faced significant challenges in the last three years, including setbacks in global health cooperation and a rise in violent conflicts.
  • The report indicates a decline in overall global cooperation since 2020.

Global Cooperation Barometer 2024

  • The report, titled "The Global Cooperation Barometer 2024," was released on January 8, 2024, ahead of the WEF’s annual meeting in Davos, Switzerland.
  • Developed in collaboration with McKinsey & Company, the barometer used 42 indicators to measure five pillars of global cooperation between 2012 and 2022.

Five Pillars of Global Cooperation

  • The five pillars assessed are trade and capital; innovation and technology; climate and natural capital; health and wellness; and peace and security. 

Health and Wellness Pillar

  • The report examined the impact of global cooperation on enabling people worldwide to lead longer and healthier lives.
  • Emphasis on understanding the burden of disease, life expectancy, quality of life, global public health standards, and collaboration through goods flows, research and development (R&D), intellectual property (IP), and health financing.

Pre-2020 Trends in Health Cooperation

  • Before 2020, most indicators of health cooperation, such as health development assistance, trade in health goods, and health-related R&D and IP flows, grew slowly and steadily.

Positive Outcomes (Pre-2020)

  • Health outcomes like life expectancy, disability-adjusted life years (DALYs), and maternal and child mortality improved from 2012 through 2019.
  • Factors contributing include increased healthcare development aid and global efforts to address preventable and controllable diseases.

Impact of COVID-19 on Health Cooperation

  • As the immediate impact of COVID-19 subsides, global health cooperation appears to be decreasing but remains above 2019 levels for certain metrics.
  • Reductions in child mortality continue, but overall life expectancy and DALYs suffered due to COVID-19-related deaths and diverted resources.

Global Health Challenges Post-COVID-19

  • Challenges include increased malaria cases and deaths, a rise in maternal mortality rates, and negative impacts on life expectancy.
  • The report emphasizes the need to redouble efforts on chronic health and wellness challenges beyond pandemic responses.

Areas Requiring Redoubled Cooperation

  • International partnerships for basic research on health conditions, addressing synthetic drug proliferation, improving mental health outcomes, and engaging ageing populations.

Conclusion

  • The report emphasizes the challenges and changes in global cooperation, particularly in the health and wellness sector, and underscores the importance of continued collaboration in addressing various health-related challenges on a global scale.

PRACTICE QUESTION

Q. Which organization collaborated with the World Economic Forum on the Global Cooperation Barometer 2024?

A. United Nations Development Programme (UNDP)

B. McKinsey & Company

C. World Bank

D. International Labour Organization (ILO)

Answer: B

Explanation: The Global Cooperation Barometer 2024 was developed in collaboration with management consultants McKinsey & Company.