now browsing by tag
|Written by Vicente Salas
|Friday, 03 October 2008
BY VICENTE SALAS
New global challenges call for different leadership styles
If globalisation means anything, it means that local events have international consequences.
For better or worse, we are compelled to embrace change and accept that the uncertainties of the global political economy are part and parcel of living in such an interdependent world.
What happens at home doesn’t stay at home. East Asian economies prospered miraculously in the 1970s, 1980s and early 1990s, before disaster struck with the Asian Financial Crisis of 1997.
No one could have predicted that such a crisis could hit at the epicentre of a major emerging economic bloc.
The result was widespread political instability and a downgrading of human security.
The crisis taught us to be conscious of global uncertainties.
And then came SARS and bird flu-another aspect of globalisation that demonstrated our global vulnerability to disease. Global migration moves much faster today and remains beyond the control of nation-state institutionalism.
Natural disasters have global impacts: the Southeast Asian tsunami in 2004, Hurricane Katrina in the US in 2005, Cyclone Nargis in Burma in May 2008 and the Sichuan earthquake in China 10 days later.