The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
One of the most important issues facing the world is the growing vulnerability of political elites. This problem makes effective public and private leadership much more difficult, which is why the World Economic Forum’s Global Agenda Council on Geopolitical Risk has selected it as a focus for 2014.
As the dust of the global financial crisis finally settles, it might appear that things have begun to normalize. The United States is finding its economic footing with a return to modest growth. The eurozone has put existential threats behind it. Emerging markets such as Brazil, China, India, Turkey and others continue to rise, although at a slower pace.
At the same time, however, political elites face formidable new challenges as citizens use new tools to make new demands, coordinate protest, and pool their collective power. Governments of all kinds are scrambling for short-term solutions to help them through to the next