Introduction After World War II, the multilateral system was designed to promote international peace, drive economic growth, and ensure global cooperation. Institutions such as the United Nations, International Monetary Fund, and World Trade Organisation established alliances, treaties, and agreements with the aim of achieving shared prosperity. In recent years, however, cracks are beginning to appear within this system. The world has witnessed a sharp increase in geopolitical crises like the Russia – Ukraine war, withdrawals from treaties, trade protectionism and back-sliding democracies. The multilateral system has also failed to deliver comprehensive solutions to global issues such as COVID-19 and climate change. As the inequalities within the multilateral system become increasingly apparent, calls for change are starting to reverberate across the …