Overcoming Democratic Myopia
Mitigating the risks confronting the global economy today will require deep structural reforms – the kind that can be implemented only as part of a long-term policy agenda. Democracies seem to be at a disadvantage in this respect, but that need not be the case.
https://prosyn.org/3fEqghf
NEW YORK – Despite positive indicators, the global economy remains beset with risks. And because virtually every one of those risks arises from structural challenges, mitigating them will require long-term thinking by leaders. Unfortunately, there is not a lot of that on offer nowadays, particularly in the world’s democracies.