China’s attempt to discipline Japan over Japanese Prime Minister Takaichi’s statement on a Chinese attack on Taiwan threatening Japan’s security, may instead strengthen the very alliances Beijing hoped to fracture. By using symbolic economic instruments, invoking the UNSC, and amplifying nationalist messaging while avoiding mass public mobilisation, China signals displeasure without risking internal instability. Yet these same measures push Japan ever deeper into U.S.-aligned networks.

U.S. health secretary Robert Kennedy Jr. called the World Economic Forum a “billionaires’ boys club” imposing totalitarian controls. Indeed, since 1971, the elite platform shaped geopolitics. But its Western-centricism kept out the concerns of the rest. This gave rise to alternative forums, which look beyond financial agendas to the perspectives shaping the Global South. Here are 45 of biggest, half of which began just two decades ago.

A former diplomat and a journalist came together in 2009 to build what would become Mumbai’s first foreign policy think tank – Gateway House. It is India’s first women-founded think tank, and among the few globally established by two women. In this conversation with Akshobh Giridharadas of USISPF, co-founders Manjeet Kripalani and Neelam Deo reflect on Gateway House’s origins and the epiphany that India needed to shape global conversations with its own perspective, one that extended beyond New Delhi.

After a remarkable recovery from a very deep crisis in 2022, Sri Lanka’s recent budget for 2026 consolidates economic stabilisation and introduces a few markers for further growth. But more needs to be done to embed a growth strategy and transform its economy to avoid further IMF austerity programmes.

The rise of Sanae Takaichi, Japan’s first female prime minister with firm conservative credentials, carries both symbolic weight and political controversy. Her early decisions suggest clarity of intention but also highlight the structural weaknesses and diplomatic sensitivities that will shape her tenure. To keep her ratings high, she has to stabilise her minority government at home, and manage the China, U.S. and ASEAN relationships with tact.

On October 22, 2025, U.S. President Donald Trump imposed sanctions on Russia’s oil giants, Rosneft and Lukoil. The move has clear geopolitical motives—to remove a major supplier from an oversupplied oil market. Indian oil companies, key buyers of Russian crude, now face pressure to cut imports, undermining India’s energy diversification and shaking global oil markets, including the U.S. economy.

India and Indonesia sit at the heart of the Indo-Pacific, and participate  in multiple global and regional frameworks that ensure developing countries remain part of governance debates. The two countries can use these platforms to craft a southern consensus, a framework for cooperation that prioritises resilience, equality and cooperation over competition and coercion. This can reduce vulnerabilities among developing countries and strengthen them against future disruptions.

The Quad summit is expected to be hosted by India in the second half of 2025, possibly in November. However, the grouping faces turbulence that transcends the current flow of India-U.S. relations. The relevance of Australia and Japan, too, needs to be factored in. Beijing considers the Quad as “the Asian NATO” that aims to contain China. Since the commencement of Trump 2.0, the grouping has been struggling to redefine its role and mandate.

While the Bandung Conference’s vision remains unrealised, its spirit can be an inspiration to reform and innovate in the international system as well as to ensure the survival of multilateralism – not only for today’s multi-aligned descendants of the conference participants but also for countries in Europe and beyond.

The world is facing multiple crises which are shaking the foundations of multilateralism. The West’s structures are faltering, and the need for effective and equitable cooperation is greater than ever. Seventy years after the 1955 Bandung Conference, its principles of sovereignty, territorial integrity, cooperation and solidarity remain vital. This report revisits Bandung’s relevance for today’s reform efforts, urging renewed Global South–Europe collaboration for a sustainable global future.