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Jeffrey Sachs: The end of Western hegemony and the rise of a multipolar world

Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, emphasized at the Center for China and Globalization Global Dialogue that the world is facing simultaneous, deep disruptions – shifting geopolitical power toward Asia, and causing a collapse of effective governance in the West. He declared that "the era of Western-led global order is over" and noted China's stable, long-term governance as a rare source of predictability. He also described the US government as "dysfunctional" and "incapacitated."

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