The Resilience of the Multirelational Structure of Geopolitical Treaties is Critically Linked to Past Colonial World Order and Offshore Fiscal Havens

The governance of the political and economic world order builds on a complex architecture of international treaties at various geographical scales. In a historical phase of high institutional turbulence, assessing the stability of such architecture with respect to the unilateral defection of single...

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Published inComplexity (New York, N.Y.) Vol. 2023; pp. 1 - 9
Main Authors Sacco, Pier Luigi, Arenas, Alex, De Domenico, Manlio
Format Journal Article
LanguageEnglish
Published Hoboken Hindawi 07.01.2023
Hindawi Limited
Wiley
Subjects
Climate change
Cooperation
Free trade
Geopolitics
International agreements
International organizations
International relations
Invasions
Pandemics
Political alliances
Political factors
Tax havens
Trade agreements
Treaties
New Zealand
Australia
United States > US
Asia
Russia
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Summary:The governance of the political and economic world order builds on a complex architecture of international treaties at various geographical scales. In a historical phase of high institutional turbulence, assessing the stability of such architecture with respect to the unilateral defection of single countries and the breakdown of single treaties is important. We carry out this analysis on the whole global architecture and find that the countries with the highest disruption potential are mostly medium-small and micro countries. Political stability is highly dependent on many former colonial overseas territories that are today part of the global network of fiscal havens, as well as on emerging economies, mostly from South-East Asia. Economic stability depends on medium-sized European and African countries. Single global treaties have surprisingly less disruptive potential, with the major exception of the WTO. Our results suggest that the potential fragility of the world order seems to be more directly related to global inequality and fiscal injustice than commonly believed and that the legacy of the colonial world order is still strong in the current international relations scenario. In particular, vested interests related to tax avoidance seem to have a structural role in the political architecture of global governance.
ISSN:1076-2787
1099-0526
DOI:10.1155/2023/5280604