STORY SUMMARY
That is what the World Economic Forum asked at a recent meeting in Dubai that focused on the future of governance under three potential scenarios arising from the ongoing information revolution.
The first scenario that participants considered is a world ruled by so-called “megacities,” where governance is administered largely by major urban agglomerations.
Finally, while individual choice within markets is often the most efficient way to allocate resources, markets do not produce a sufficient supply of public goods.
Even if the double-majority system helps to empower some weaker states, it does not account for the role of the world’s smallest countries in global decision-making processes.
World leaders have not yet figured out how to reconcile the moral conviction that all people are equal with the simple fact that all countries are not. In a global information age, governance systems capable of addressing fundamental issues such as security, welfare, liberty and identity will require coalitions that are small enough to function efficiently and a decision concerning what to do about those who are underrepresented.
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
Categories: Economics, Science and Technology, Trade
You will need to read the full article to understand what they are talking about. Strangely, whenever we see a movie about the future, it always shows a catastrophic situation. Does no one expect the future to be better than the past?