20.01.2014 - 11:16 [ Professor Klaus Schwab / World Economic Forum ]

The reshaping of the world

I believe this situation is the result of a collective failure to manage and mitigate the consequences of globalization at the international level that stems back over the course of decades. In essence, the turn of the century anti-globalization protesters had a clear message that was right: global governance was not fit to manage the implications of the reshaping of the world that was already proceeding apace.

It remains unfit for purpose, and the challenges the world faces today are compounded in complexity.