AS WE HAVE explored in earlier chapters, two sets of forces—one from outside the economic system and one arising naturally from within it—have jointly created a series of large-scale challenges that threaten the foundations and future of the global market system. Threats come from many sources: the lack of education and opportunity in some areas, the rise of radical political movements in others, environmental degradation and climate change worldwide, growing disparities in the distribution of income and benefits flowing from the system in many countries, and failures of governance across critical sectors. The challenges are large and growing. And as we have also discussed, effective countervailing ...
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