As recovery from the global financial crisis continues, one of the central challenges for world leaders moving forward is deciding how to create effective international actions to contain and overcome it. No nation can hope to address the financial and economic challenges alone but must instead work with the IMF, World Bank, and other international institutions to coordinate recovery efforts. In addition, the leading world powers must consider creation of new institutions to regain economic stability. As China, India, Brazil and other emerging market countries rise in power, they will also want greater leadership roles in existing institutions. How should the U.S. work to promote more effective global governance? Can President Obama keep the U.S. in a leadership position but also open the door to greater involvement by the rising powers? What are the implications of the rise of China, India and the other countries for America's long-term security? Will we be able to work with Russia effectively at a difficult time in our bilateral relationship? These are among the most important questions for America as we look to the future. Nicholas Burns addresses these vital issues and their implications.
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