You might have heard that “Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security” Believe me, I quite subscribe to the above quote and I strongly hold that the quest for certainty hinders the search for meaning and creativity. Uncertainty on the other hand is the very condition that propels man to unfold his powers and ingenuity. However, to what extent will UNCERTAINTY be pleasurable when it threatens the actual existence and happiness of man?
Over 1,000 global experts from the public and private sectors were surveyed; one-half of the respondents are pessimistic about the global economic outlook and one-quarter anticipates there will be an economic disruption during the next year. One in four say there is a lack of global leadership to deal with problems during this time and a majority fear a geopolitical as well as societal upheaval (Global Confidence Index)
Whichever side the swing goes, the fact remains that for all of its uncertainty, we cannot flee the future. I humbly stated in my paper-Basel Accords and International Financial Regulation :The Journey So Far that even the Basel Accords developed to regulate international finance and banking cannot in themselves prevent a crisis. Am I suggesting a folding of arms? Hell No! When the going gets tough, the TOUGH gets going. But the BIG question is this "To what extent will this uncertainty of global economy birth creativity in us? Hmm! Only TIME will tell !
For the full release and supporting information, please visit:
http://www.weforum.org/NR_ConfidenceIndex
http://www.weforum.org/NR_ConfidenceIndex
