Guest blogger Ricardo Meléndez-Ortiz makes the case for how to de-risk and de-carbonize global trade through better governance.
The past 12 months have seen trust demolished. In addition, daily uncertainty about the fundamentals of the economic environment have resulted in generalized anxiety about the future. Not the ideal conditions for a rapidly changing world to confront the daunting challenges facing it.
The world economy entered the twenty-fi rst century at a high speed of globalization. In most parts of the world and across borders, economic activity thrived as never before, driven by a cocktail of technological change, hastily multiplying and available capital, and freshly abundant and readily available labour. As a result, local and national economies, and their societies, today find themselves tightly interlaced into the dense fabric that was so swiftly weaved.
