In 2022, the momentum of the world economy's recovery from 2021 was abruptly halted, pushing it toward the brink of a new crisis. To extricate itself from this predicament, the global economy undoubtedly requires an international political climate characterized by unity, cooperation, and mutual trust. However, as symbolized by the outbreak of the Russia-Ukraine conflict, tensions and confrontations in international politics have intensified to an unprecedented degree. The evolving trends in international politics are moving in the opposite direction of what is needed for the recovery and development of the world economy. At such a historical juncture, it is essential to explore the deep-seated causes of the global economy's predicament and closely observe the profound transformations taking place in the global economic governance system.