Global Economy Essay

Global Economy Essay-28
In the developed world, 2017 will likely be recalled as a period of stark contrast, with many economies experiencing growth acceleration, alongside political fragmentation, polarization, and tension, both domestically and internationally.

The recent financial crisis, marked by an absence of integrity across the board, highlights the need for leaders to stand up for the global good and measure success not solely by the individual gain, but additionally by the sustainability and ethics of their decisions.

Acting with integrity over each facet of the political and economic spectrum builds trust and increases overall efficiency.

Yet, so far, markets and economies have shrugged off political disorder, and the risk of a substantial short-term setback seems relatively small.

The one exception is the United Kingdom, which now faces a messy and divisive Brexit process.

Though not an easy task, we believe that a new paradigm in core leadership values is necessary to achieve such a state.

Globalization has amplified tensions between seemingly opposing principles.

The world has changed, so must our standards of leadership.

National economies are growing at slower rates than they were five years ago, income inequality is steadily widening, and globalization has made traditional isolationist approaches outdated.

Elsewhere in Europe, Germany’s severely weakened chancellor, Angela Merkel, is struggling to forge a coalition government.

None of this is good for the UK or the rest of Europe, which desperately needs France and Germany to work together to reform the European Union.

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