A new world order will emerge in the next decade. Whether it is one of inclusive, broad-based growth for all or exclusive, unequal growth for a few will be determined by the policies implemented today. It does not look like the world's dominant policy makers are capable or willing to see the consequences of their misguided actions.
The global financial crisis that shook virtually every country, government, and household in the world in 2008-09 gave way to a frustrating "new normal" of low growth, rising inequality, political dysfunction, and, in some cases, social tensions. Now this new normal is getting increasingly exhausted.