GLOBAL ISSUES

The main problems of the world were still very local or regional when I started to be interested in our planet. Globalization was not a Machiavellian plot of ugly capitalists to pressurize the people. Its birth and growth were natural, sometimes hectic, unplanned and often unpredictable.

 

World War II was the first conflict that affected all the continents. It was also the emergence of the American leadership without which Europe would still be dominated by Nazism: but the United States were hesitant and were not thinking globally. They were gauging US interest and might not have entered this global conflict if the Japanese had not struck the US Navy in Pearl Harbor.

 

Dealing with global issues implies a serious knowledge of local realities. Operating global businesses is a complex undertaking. Among those issues, I focused on global finance.

It is in this domain that most of my writing, teaching, working and speaking commitments. Global Finance is at the service of growth and companies. It also serves governments.

The financial crisis has been resolved through a number of regulatory initiatives that threaten now those institutions who are essential to support international trade.

Will it be necessary to have another crisis to realize that, without globalization, our world cannot grow, feed population, employ people. It also has its dark side: climate change is the biggest threat to our planet. The fact that it might even be the source of political conflicts is a confirmation that politicians are local and do not know how to handle such issues.