Finally, there is a worldwide crisis in inequality.

Sixty years ago, a global crisis such as the one we are witnessing today would have had the potential to unleash another world war.

Another global financial crisis could disrupt short term capital inflows.

Perhaps it has taken the global economic crisis to compel Americans and Europeans to revitalize their cooperation.

Who wants to build up debt if there might be a financial crisis around the corner?

But what will fall by the wayside is a forceful global response to the gravest crisis since 1929.

In the future, however (say, in the event of another global crisis), such a scenario might return to the fore.

In a little more than a year, the Asian financial crisis became a global financial crisis, with the crash of Russia s ruble and Brazil s real.

True autonomy for Japan, as in the past, depends once more on active and cooperative engagement in containing a world crisis.

In fact, such an agreement is essential in order to reduce the chances of another devastating global financial crisis.

For example, in January 1974, when the first world oil crisis began, oil prices doubled in just days.

After the last world food crisis in 1973, agriculture was almost forgotten as a factor in growth.

During the last two years, I have dealt with many crises, from Darfur and the Democratic Republic of Congo to such global challenges as the food crisis and climate change.

He inherits a global economic crisis, two wars in which US and allied troops are deployed, crises in the Middle East and South Asia, and a struggle against terrorism.

Moreover, over the past 25 years, a severe financial crisis regional or global has erupted every four or five years.

But I fear that change might cause a global economic crisis resulting from, say, an ugly unwinding of extravagant US borrowing trends.

Perhaps another occurred in 1998, when the Fed lowered interest rates in the face of what appeared to be an impending global financial crisis.

NEW YORK When the US investment bank Lehman Brothers collapsed in 2008, triggering the worst global financial crisis since the Great Depression, a broad consensus about what caused the crisis seemed to emerge.

Financial deregulation enriched Wall Street, but ended up creating a global economic crisis through fraud, excessive risk taking, incompetence, and insider dealing.

And, as is often the case, a crisis in one country may go global, with many other countries radically scaling back off shore and out of bounds projects.

Looking back over the past four years, two disquieting facts become evident. One is that AIDS is an unprecedented global crisis there is simply no other example of that kind.

We are a global organization. This is a global phenomenon.

And I think one of the problems of a recession is that people become more protectionist, they look in on themselves, they try to protect their own nation, perhaps at the expense of other nations.

Innovation Crisis or Financial Crisis?

Fifth, a global response to the crisis, coordinated by the UN, must accompany the EU s plan. This would distribute the responsibility for addressing the refugee crisis over a larger number of states, while helping establish global standards for dealing with the challenge of forced migration.

For the first time in its modern history, Turkey not only resisted a serious global economic crisis, but also decoupled itself from the rest of Europe by rebounding strongly in 2010.

The US economy may have lost a fair chunk of its mojo, but it will require a lot more bad luck and policy blunders to get to a second worldwide Great Depression.

Globalization has generated a new global market, but also global risks that beg for collective management.

To avoid a global water crisis, farmers will have to strive to increase productivity to meet growing demands for food, while industry and cities find ways to use water more efficiently.

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It was also true, however, that the proliferation crisis had become urgent.

Eventually, it became a global financial crisis, embroiling Russia and Latin American countries, such as Brazil, and unleashing forces that played out over the ensuing years Argentina in 2001 may be counted as among its victims.

He claims that global warming caused the current drought in America s Midwest, and that supposedly record high corn prices could cause a global food crisis.

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Moreover, California s crisis is more than an economic one.

Furthermore, the eurozone crisis does not have the characteristics of a currency crisis.

During the last two years, I have dealt with many crises, from Darfur and the Democratic Republic of Congo to such global challenges as the food crisis and climate change. But the financial crisis is unique and potentially overwhelming.

Photojournalist James Nachtwey sees his TED Prize wish come true, as we share his powerful photographs of XDR TB, a drug resistant strain of tuberculosis that's touching off a global medical crisis. Learn how to help at http www.xdrtb.org

This is a global problem.

Snobbery is a global phenomenon.

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