... particularly important since the next 12 months promise to be no less challenging than the last 12. Most of the ongoing conflicts in Europe, the Middle East, Africa and other parts of the world are likely to continue. The short-term future of the global economy remains highly uncertain. Due to accelerating climate changes, threats of natural disasters are growing all over the planet. The forthcoming elections in the US, United Kingdom, European Parliament, India, Indonesia, the Taiwan island and many ...
Crisis of the state system, Economic and financial disorder, the rise of non-state actors, climate change, migrations, decline of international institutions
1. Crisis of the state system.
In coming years, we are likely to see a continuous crisis of the traditional state system, particularly in such places as the MENA region, sub-Saharan Africa, South Asia and in parts of the former Soviet Union. Weak states might face a challenge of losing their sovereignty; they will not be in a position to provide...
... October this year the issue of the misallocation of resources in the global economy (partly as a result of excesses in industrial policy and protectionism) was discussed with respect to the possible explanations behind the deterioration in the global economy’s growth figures.
The broader problem for the global governance system whose structure largely still reflects the fundamentals of mid-20
th
century world economy is the emergence of new players that are either global or mega-regional in scale. The advent of mega-regional blocks (TPP-11, possible ...
... architecture. The most important part of the sequencing has to do with addressing the fragmentations and gaps in the regional layer of global governance (most notably within the Global South) that has become increasingly critical in the past decades for development ... ... of macroeconomic stability. The attainment of a more coordinated framework in the relations between developed and developing economy integration platforms is unlikely to exhibit breakthroughs without more active steps on the part of the Global South towards ...
