What the world urgently needs is a more integrated policy approach to the challenge of economic insecurity which mixes stronger regulations, particularly in financial markets, redistribution measures, improved risk management techniques to better cope with the consequences of shocks and crises and more universal social policies. Each country will need to experiment and find the configuration of institutions and conventions that will work best within its national conditions and that will meet the expectations of its population. All such efforts require significant long-term investments (including by the public sector) in physical, human and social capital which can only be achieved through much more active policy interventions.
