The centre of economic influence appears to be returning east across Asia
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We live in a world where hardly a day goes by without escalating tension in one region or another, be it Ukraine, Syria, Iraq, or Nigeria. At the same time, many emerging economies are achieving sustained and rapid growth at unprecedented rates, while developed western economies still battle to get back to a stable growth track after the global financial crisis. Meanwhile, millions of newly affluent consumers are seeking greater freedom and democracy.
The centre of economic influence appears to be returning east across Asia. With this shift, the effectiveness of global institutions that were created after the second world war is being challenged, as their structures are no longer aligned with the geopolitical influence countries and regions can exert in 2015. Globalisation is raising issues that are no longer defined by geographical boundaries of countries, and consequently require new regional responses to regulation. This is a challenge that old world structures are struggling to meet.
The global status quo we have lived with for decades is coming under increasing pressure due to the emergence of new developed economies, regional and religious tensions, and the long-term impact of the global financial crisis. The world needs to create new structures and institutions to equip it to handle these new problems, and deliver greater security and certainty to communities across the globe.
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Read more from this year's KPMG/Irish Farmers Journal Agribusiness report here.
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We live in a world where hardly a day goes by without escalating tension in one region or another, be it Ukraine, Syria, Iraq, or Nigeria. At the same time, many emerging economies are achieving sustained and rapid growth at unprecedented rates, while developed western economies still battle to get back to a stable growth track after the global financial crisis. Meanwhile, millions of newly affluent consumers are seeking greater freedom and democracy.
The centre of economic influence appears to be returning east across Asia. With this shift, the effectiveness of global institutions that were created after the second world war is being challenged, as their structures are no longer aligned with the geopolitical influence countries and regions can exert in 2015. Globalisation is raising issues that are no longer defined by geographical boundaries of countries, and consequently require new regional responses to regulation. This is a challenge that old world structures are struggling to meet.
The global status quo we have lived with for decades is coming under increasing pressure due to the emergence of new developed economies, regional and religious tensions, and the long-term impact of the global financial crisis. The world needs to create new structures and institutions to equip it to handle these new problems, and deliver greater security and certainty to communities across the globe.
Read more from this year's KPMG/Irish Farmers Journal Agribusiness report here.
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