By Robert Presser on August 26, 2011
As I write this article I cannot say with any degree of optimism that any of these struggles will produce a positive outcome. The unprecedented, multi-dimensional (military, social and economic) tumult we are currently experiencing is unprecedented in modern history outside of a major world war. Our collective ability to muddle through thus far is testament to the efficacy of modern international cooperation among developed and developing nations. Those who believe that our institutions like the United Nations, the International Monetary Fund, the World Bank, the European Bank, the G20 and others are compromised and ineffectual should pause and consider what would have happened since 2008 had these institutions not provided a forum for discussion and coordinated response.
