Saturday, July 11, 2009

A world more flat

The financial crisis and emerging global response reveals in more ways than one the fuzzy and diffused logic of a increasingly flattened and globalizing world in an era of decisive uncertainty.

No doubt it reveals much less than what it does not : for example the role of national and international regulators as also the financial system that eventually do auto correct, evolve and self regulate with changing times. The emerging order out of the financial chaos will for sure lay the foundation for a much more flat, much more equitable and a boundary less world.

It is but inevitable that the emerging economies such as China and India will lead this movement as also the path from unilateralism to multilateral ism and finally to globalization for a more equitable world order.

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