ABSTRACT

Today, beyond any doubt, the desirability of system change is widely accepted. There is a growing consensus about the need to tackle three urgent problems at a global level. First, there are environmental sustainability issues and the threat of climate change in particular. The possibility of significant global warming over the course of the present century is, of course, an important issue. The aim of systemic change in respect of these matters can be summed up in the phrases sustainable growth and sustainable consumption. Secondly, there is growing consensus of the need for system change in the field of global finance and in particular that part of the financial sector that has been designated the casino economy. Thirdly there is seen to be a need for system change in relation to inequality and poverty. Globalization is simply something that has been developing over centuries in response to improvements in communication and transportation.