Los Angeles’ economy is bigger than that of many nation states.
This article is part of the World Economic Forum Annual Meeting
The world in 2020 is looking more turbulent and uncertain than ever. Powerful economic, demographic and technological forces are rewiring international politics. According to the World Economic Forum’s new Global Risks Report, structural shifts are encouraging nation-states to adopt more transactional and unilateral postures. Some nations are abandoning old alliances, questioning the value of multilateralism and retreating to narrowly defined national interests. Amid continued downward pressure on the global economy, citizens are growing restless and frustrated with their national politicians.
Maybe they’re onto something. Perhaps nation-states are part of the problem.