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GLOBAL FINANCIAL INTEGRATION

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1. Global financial integration accelerates Powered by shifting demographics and new technology, the post-global financial crisis stall has been replaced by a new golden age in global financial interconnectedness, promoting a more tight-knit network between countries, enterprises and individuals in developed and emerging countries. A predicament for global financial integration is a collaborative political infrastructure. The emergence of political fragmentation and higher political uncertainty could pose a risk to the global interconnectedness through higher trade barriers or greater financial protectionism. 2. Greater financial inclusion with developing economies China, India and emerging Asia join the big leagues, leaving Africa as the final frontier for global investors – with new technology offering novel solutions to traditional governance mechanisms, property rights registration and contract enforcement. 3. Universal access to financial services Universal financial incl...
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EU & ENERGY

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 I n regard to energy, the EU might benefit from having an independent commission take a fresh look at the shale revolution, and its potential risks and rewards in Europe.  Could European countries produce appreciable quantities of shale gas and oil at an acceptable risk? Another aspect worth examining anew is shale’s impact on the pace of commercialization of renewable energy sources. A successful US-EU Transatlantic Trade and Investment Partnership permitting American energy exports amid a growing global LNG market could greatly benefit European energy security.  One area where greater US-EU dialogue could result in greater leverage for both is in regard to the global commons. There is an urgency to design new rules, norms and codes of conduct in the realms of the future of cyberspace, the Arctic, and outer space. In particular, the gradual thawing of the Arctic resulting from climate change is beginning to raise a whole set of issues—both environmental and eco...
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