I am mesmerised, concerned and hopeful by the surge in policy activism around the world. It is fascinating to see governments forced into even more unconventional policy responses.
Anxiety comes from the growing risk of collateral damage, including a new “beggar thy neighbour” phenomenon which threatens the longer-term growth and poverty alleviation potential of the global economy. Yet, as this becomes obvious, there is hope we may finally see a meaningful effort at global co-ordination.
