According to Carlos Pascual, short- and long-term issues of globalization cannot be considered independently from one another. Rather, the biggest challenge for transnational governance lies in the scale of the global agenda and the complexity and interconnectedness of individual issues. The degree to which the global community will succeed in managing essential problems—the war in Afghanistan and its consequences for terrorism or climate change and job loss—will depend on its ability to avoid treating them in isolation. In the following expert report, Carlos Pascual calls for a redefinition of global responsibilities in order to tackle the essential challenges of a globalized world.
There's a far greater concentration of wealth than there is a concentration of income. And that actually has quite a separate effect and impact on the economy.