From the Hudson Institute, this is an hour and a half. Good day, welcome to the Hudson Institute, and thanks for showing up for this panel on Multilateral Institutions, indispensable or irrelevant to global peace and prosperity. I will be the moderator, im a senior fellow at the Hudson Institute who put together this panel, which i think is on a key issue in d. C. And globally indeed. Its talked about a lot, but there arent that many panels about the topic around town. So i look forward to this discussion. So as i mentioned for the past couple of years, theres been a lot of debate about Multilateral Institutions and on chinas influence and how that is quickly growing and leading to changes in the fundamental rules of these institutions and also giving rise to alternatives to the old ones. And one question that arises then, does that make the institutions that we already have counterproductive to preserving a liberal world order when authoritarian states rise within the institutions and