‘The World Under Pressure’ with Carl Dahlman
Nov 15th, 2011 by sfs
On November 3, 2011, Carl J. Dahlman presented on his new book about the frictions created by the rapid rise of China and India in the global system that can spiral into trade, resource, cold and conventional wars, and disastrous climate change. The book's main purpose is to provide an integrated view of the impact of their rise in the context of increased global interdependence, trade frictions, and the limits of the environment to deal with CO2 emissions. It warns that the stakes are high and that the current international governance system is not up to the challenges of defusing these frictions. As a result, the main powers, including the U.S. the EU, China, and India, have to do more to address these frictions .The changes required, while conceptually straight forward, will be difficult to implement. They are painful and not easy to sell politically. However, the cost of not making the changes will lead to greater costs in lower global welfare in the medium and longer run.
