Hank Paulson on the Shocks of the New Economy

Perhaps you’ve noticed: The world isn’t in especially great shape. Which is exactly what makes the second annual Bloomberg New Economy Forum this November so important. Our challenges are vast; it’s easy to feel dispirited. Yet there’s no time like the present for capable leaders—especially those in emerging economies—to come together, find actionable solutions, and inspire the world. This issue of Bloomberg Businessweek is dedicated to those ideals.

The New Economy Forum is timely, first, because wealth and power continue to shift to the rising economies of Asia, the Middle East, Africa, and Latin America. Indeed, the World Bank projects that in 2020 the emerging economies will grow at 4.6% on average, compared with just 1.5% for developed economies.