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What role is there for the US and UK to lead? Competition between the US and China, Russia’s aggression in Ukraine, and the West’s failure to mount a sustained and effective response to a world in polycrisis are threatening to erode support for the rules-based order. As the US and UK approach national elections in 2024, the prospect for inward-looking politics may further erode the prospect that the West and the values it represents can shape an adequate collective response to today’s global challenges, especially those faced by developing countries. Will a decline of US and UK foreign assistance impact these countries’ leadership on the global stage? What strategies can the West pursue to harness its own potential and also those of its competitors to address critical global challenges?