Topic: Nicolas Berggruen Institute
Either Europe develops into a political union or it moves backward as a continent of nation-states that have neither political nor economic clout – surpassed by China and other emerging nations.
The global financial crisis continues, threatening countries across the European continent. A united Europe requires a united solution. To survive this and future economic storms, the European Union needs the capacity to coordinate economic and fiscal policies on the federal level.
As Ivory Coast President Laurent Gbagbo refuses to cede power to election-winner Alassane Ouattara, this divided country has become a poster child for Africa's crisis of governance. For fundamental reform, Ivory Coast should take a cue from China, not just the West.
If the 20th century was about the competition between democracy and totalitarianism, the 21st century pits the excesses of consumer democracy against capable governance with too little democratic accountability.