chapter  11
Talking Laterally on New Governance Challenges
Pages 16

We live in a time of bewildering financial connectivity and advancing political complexity. Our unipolar world is passing into history, yielding to a multicentric system in which the United States seems likely to remain preeminent, albeit less predominant, as a global power, particularly with the rise of China, India, Brazil, and other centers of political and economic power and influence. Our international governance systems and institutions, constructed out of the Great Depression and the ruins of World War II, have been steadily lagging the steepening curve of globalization. The financial cataclysm of 2007-09, which is forcing us to put out the fire and rewrite new fire codes at the same time, has made the search for governance alternatives and innovations urgent.