In 2018, many of the world’s major economies faced profound political recalibrations. To improve stability in 2019, leaders will need to focus on bread-and-butter domestic concerns, while moving toward more flexible and decentralized political models capable of governing diverse populations.
STANFORD – For many of the world’s economies, financial markets, heads of government, and carbon policies, 2018 did not end well. The scars of the global financial crisis and Great Recession, combined with longer-term structural economic, technological, cultural, and demographic trends, have left large swaths of the population in many countries feeling politically neglected, culturally disparaged, and/or economically wounded. And their expression oftheir grievances – at the polls, on the Internet, and in the streets – has left their leaders profoundly weakened.
STANFORD – For many of the world’s economies, financial markets, heads of government, and carbon policies, 2018 did not end well. The scars of the global financial crisis and Great Recession, combined with longer-term structural economic, technological, cultural, and demographic trends, have left large swaths of the population in many countries feeling politically neglected, culturally disparaged, and/or economically wounded. And their expression oftheir grievances – at the polls, on the Internet, and in the streets – has left their leaders profoundly weakened.