Though the international economy remains unstable, the trend of economic globalization is irresistible. In the face of populist movements, however, it is critical to demonstrate the benefits and make globalization both broader and deeper to make it fairer to developing countries and more valuable to all.

Humanity has to choose between pressing ahead with globalization and backpedaling. China’s president seized the moment to inject enthusiasm for economic globalization as it faces strong headwind from the US.

Mr. Xi brings Davos a message of pluralism, as opposed to the universalism most of his audience has preached. He is no Davos Man. But perhaps this is just what globalization needs. Before it can be restarted, it needs a reset.

Today, from American voters in an ugly U.S. election season to the rhetoric of newly elected Philippines President Rodrigo Duterte, we are hearing widespread anger against the governing structures of our time, against inequality and elitism. This sense of disempowerment is real and understandable. But is globalization really the root of this? Our challenge, as individuals in this era of discontent, is to ensure that we can still come together to move forward and improve the lives of all.

The current international monetary order is failing to provide the necessary tools to cope with episodes of capital flow volatility. In the short term, the BRICS countries should step in and take steps to address this issue. In the long run, they should seek to reform the monetary system and promote international financial stability.

Expectations are high as leaders meet to promote strong trade and investment liberalization and facilitation, and develop partnerships characterized by inter-connectivity, unity, consultation, development and shared benefits.

This December marks the 15th anniversary of China’s accession to the World Trade Organization. In the past 15 years, China could have played a bigger role in promoting global governance had the world’s institutional structures allowed it optimum participation in the global rule-making process. That will be China’s main objective in the future.

China is increasingly portrayed as the next disaster in a crisis-prone world. Stephen S. Roach disagrees, recognizing his minority opinion. Roach argues that without China, the world economy would already be in recession, citing the IMF’s October World Economic Outlook.

In Europe, Asia, and South America, preferences for either Clinton or Trump differ based on the candidates’ views on trade, the economy, and foreign policy doctrine. Though Clinton is the preferred candidate in most areas, whoever the next U.S. president is will face significant challenges on several continents.

Despite the current rash of nationalism and protectionism around the world, there is every reason to believe that the next high tide of globalization – thanks to the joint efforts of the international community – will bring greater and more inclusive fortune and felicity to humankind.