Globalization has created a more interconnected, interdependent and complex world than ever witnessed before.
Whilst this openness and connectivity has brought enormous benefits, it has also increased our vulnerability and exposure to global shocks, such as the recent financial crisis. Balancing these dimensions brings significant challenges at the global, regional and local levels. As we face some of the biggest challenges of the 21st century, how equipped are global governance structures to coordinate and address issues such as climate change, trade tensions, food security and economic uncertainty? How do we resolve the inevitable strains that exist between global and national priorities in such debates? In this distinguished lecture, Mr Pascal Lamy, Director-General of the World Trade Organization, offers his perspectives on these critical issues from his distinguished career as a French political adviser, a businessman and as former European Commissioner for Trade.