The fact that these adversities that go by the name of uncertainty are not being so easily countered tells us that the post-crisis world economy may have to attain a new economic paradigm rather than returning to the pre-crisis status quo.
Efforts to attain a new paradigm are being driven forward mainly by the governments and central banks of major countries by way of various frameworks for international cooperation such as the G20. The first challenge ahead is from the imbalances in the real economy that we term “global imbalances”.