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THE FINANCIAL CRISIS altered the very nature of the international balance of power. Five years later, the presumption is that the crisis is in the rearview mirror--and that the volatility [...]

But this will need a degree of self-discipline that governments - and even central banks - have often struggled to impose in the past: that of avoiding market failures being compounded by failures of public sector institutions and governance. Features Government Unbound UNDISCOVERED COUNTRY THE EXPERIMENTAL ECONOMY A NEW SOCIAL CONTRACT DYNAMIC DIVERGENCE POST-FINANCIAL CAPITALISM The Boring '20s Fuzzynomics AGE OF (RE)DISCOVERY INFANTILIZED LIBERALISM Era of Secular Stimulus AGE OF DEADLY DISPARITIES MANAGED STRATEGIC COMPETITION IN HINDSIGHT, OUR NEW ECONOMIC ERA probably began in 2008, when a handful of bankers - and the policymakers who write the rules - broke the system. Where governments and central banks - at least in rich countries - can throw around money by the trillions and make up the rules as they go along. Technocrats at the world's major central banks urged governments to deploy a robust fiscal response. [Extracted from the article]

HALFWAY THROUGH 2011, we've already seen an extraordinary year of volatility: turmoil across the Middle East and North Africa, the eurozone's ongoing fiscal crises, Japan's triple disaster, the killing of [...]

The global economy looks to be headed toward what Mohamed El-Erian has called a 'new normal' after the market meltdown and financial upheaval of the last two years. But along [...]

The article lists the top global thinkers for 2010, which includes philanthropist Warren Buffett, diplomat Celso Amorim, and philanthropist Bill Gates.