The next crisis may be just around the corner and the world is not ready to deal with it. The emerging economic powers, as well as the weaker ones, are boosted, or weakened, by the highs and lows of global market swings. It is in the interest of the world community to include these countries in any meeting on globalization. We must ensure that the benefits of globalization reach all, creating greater wealth for all. If the poorest countries are unable to reap the benefits of globalization, then we are all poorer.
Poverty ferments conflict, social unrest, and disease.
It is economic dynamism, through global markets, which provide the resources to attack poverty. Booming international trade can help bolster the new economic powers, emerging market states, and even poor regions such as sub-Saharan Africa. Future growth in the old industrial economies depends on new markets. The Kyoto negotiations resume in December and there is no agreement on the commitments that will have to be taken by the large industrialised countries of Asia and Latin America, on how to share costs. Today, the G-7 summits provoke yawns among the public and participants, with predictable communiques often written days or weeks in advance.