In 1980, the US economy was more than 10 times larger than China’s, yet by 2017, China with its rapid growth could have the largest share of global GDP, more than 18 percent, according to International Monetary Fund projections. US leaders have not prepared their citizens for this “great convergence,” suggests Kishore Mahbubani, author and dean of Lee Kuan Yew School of Public Policy. Still, much of the world has pivoted toward US values and standards. Education, science and technology have united the world around some best practices. Cooperation is still needed on global challenges like climate change, Mahbubani argues, and a system of global governance, would be useful. Principles of democracy, recognition of power balances and the rule of law should guide any systems of global governance, he writes. This era of convergence may be best suited for adjusting old systems or building new ones.

Read Here – YaleGlobal