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Now, more than ever, the world needs growth-oriented and socially inclusive policymaking. Is the world giving up on the promise of ever-greater prosperity for all, on functioning democratic institutions, and on long-term peace? Is the special set of circumstances that led to the recent rapid growth in emerging markets unlikely to be present in the future? Will the second decade of the twenty first century end with "secular stagnation"? Does the rise of authoritarianism, populism, and fanatic nihilism—all experienced over the last few years—threaten to unravel what has been built painstakingly

The great story of the last decade has been the "rise of the rest"—emerging economies such as China, Brazil, Turkey and India—to a position rivaling that of the established, advanced economies. As the aftershocks of the financial crisis of 2008–2009 continue to ripple through the global system, will the rising rest stay or track or be derailed? Some of the world's top economists examine this question in the following section.

After a rather long span of high growth rates, slow inflation & financial stability, the world faces a period of prices volatility, economic uncertainty, social instability & loss of confidence. In order to implement anti-deflationist & fiscal pro-growth policies, & to organize international cooperation on these matters, state intervention is once more needed. More generally speaking, new forms of world governance must be engineered (G20, a new distribution of mandates in the IMF, etc.). Adapted from the source document.

The exact causal relationships between democracy and economic growth may be subject to debate. The empirical examination of causal links should not lead one to forget, however, that human empowerment and well-being, which should be the ultimate objective of political and economic institutions, requires both democratic institutions and economic prosperity. Embedding a vibrant market economy into strong democratic political institutions--institutions that promote fairness and equity--is the best way to ensure that political and economic empowerment play equal and complementary roles in improving the lives of citizens across the world.