Global Anarchy: Nations at risk
Lack of global governance in a globalizing economy has put nations at risk. The current global recession not only impacts global investments and security, but reverses the progress that nations had achieved so far.
In a resource constrained world, the path to global economic progress and prosperity seems to be dwindling as decision makers across nations seems to be failing on global governance challenges.
Global decision makers need to understand this reality across nations and jointly offer global solutions and structure that would be acceptable to each nation. This will help establish a rule of global law. A lawful co-existence of nations on this planet earth is necessary for the very survival of human existence.
Let me know your thoughts.
Jayshree Pandya PhD
Global Risk Advisor
I emphatically agree- while it is obvious to everyone that we are living in a truly global economy where ripples felt in the markets of any developed nation (and often in many underdeveloped nations) will be felt all over the globe. Yet it is just as obvious that financial regulation and risk management remains on a national level. let us hope that the recent events of the G20 summit continue to gain momentum.
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