Publication

This paper assesses how correct the forecasts about global governance made in a 2002 Kiel Week Conference were. It asserts security relations between the great powers to define the space for global economic governance and argues that the security context is not likely to provide the same inspiration for global economic institutions as the Cold War once did. The author identifies the main challenges of 2008 in climate change, financial crises, the world trading system, oil supplies, immigration and economic response to political chaos. He also addresses the low probability challenges that the world faces.