And these difficulties, which are marked by uncertainty, owe to the fact that nowadays, in this post-crisis era, there can be no return to the world economy of the pre-crisis days, but only a transition to a new paradigm to be explored in international forums like the G20. Familiar concepts as we know them are now in flux.
To cite just one example, the concept of “too interconnected to fail” has arisen in parallel with that of “too big to fail”. Now, the most prominent feature of the global economic environment today is the fact that a two-speed recovery still continues.