2  See T. Friedman (2005), The World is Flat, A Brief History of the Twenty First Century, Farrar, Straus and Giroux. 3  See for instance WTO (http://www.wto.org/english/res_e/statis_e/miwi_e/miwi_e.h). BIS central bankers’ speeches  1  “Too early to say” was his reply.
Barely four years after the outbreak of the global economic and financial crisis, you will not be surprised if my answer today remains tentative, too. In my view, despite the important and significant progress already made, global economic governance still falls short of meeting the scale of today’s challenges.