To neglect this window of opportunity would be tragic.

E RISC highlights the situation in several countries including Brazil, France, India, Turkey, and Japan demonstrating how importers and exporters of natural resources such as timber, fish, and crops are being exposed to the increasing volatility that accompanies rising global resource scarcity.

The repercussions, however, will be global.

Whatever the answer, the consequences whether good or bad will be far reaching.

The situation had to resolve itself within a year or else.

The consequences of a collapse would not be pretty.

But the foreign policy consequences could be even greater.

The first among the neighbors affected would be Europe.

The consequences could be disastrous. Time is fast running out.

Even if the result would have been longer term stability, the immediate political consequences were too unpleasant.

In that event, China must be prepared for any ensuing global financial turmoil and longer term consequences.

The consequences of Europe s rush to austerity will be long lasting and possibly severe.

If allowed to fester, the political consequences could be severe, including trade protectionism and perhaps even social unrest.

So the stakes in righting the world economy could not be higher. Mismanage the process, and the consequences could be unimaginable.

As a result, debt overhangs will remain problematic.

And, since governments typically try to enforce the conventional wisdom, the consequences could be disastrous, because they are magnified by the state s coordinating and coercive power.

The markets will settle down. The longer term consequences will not be savory, but they will be problems for another day.

As you can infer from the title of my new book, 13 Bankers The Wall Street Takeover and the Next Financial Meltdown (co authored with James Kwak), the global consequences will be dire.

The possible implications of this Catch 22 are troubling to say the least.

But the consequences of a military adventure in Iran would far surpass those of the war in Iraq.

There would never be a fresh start with all of the unpleasant consequences that this implies.

The long term consequences of the resulting surge in fiscal deficits are serious.

If no adequate provisions are made to sustain global competitiveness, the economic, social, and political consequences could be dire.

It would be rash to assume that the outcome in Russia would be as benign as Ukraine s Orange Revolution.

However much we may wish to look away, the consequences of allowing the bloodbath in Syria to take its own course may well be disastrous for the region and for the West s security.

Thus, the sheer magnitude of the task of reviving these economies is not overwhelming. But the political consequences of failure to deliver a message of genuine European solidarity will be.

According to the Committee s members, the potential consequences of this bioenergy accounting error are immense.

The sub prime contamination of money market funds would prove disastrous, with consequences far beyond what we have seen up to now.

Militant nationalism, partly encouraged by nervous rulers, might be one consequence.

The consequences of choosing this inadequate, if expedient, route are serious.

Hezbollah s patrons in Iran, like the party itself, realize that the consequences would be disastrous.

Now we are discovering that the consequences may be far more deadly than we ever imagined.

After all, the consequences of failing to increase the debt ceiling would be catastrophic.

Overly optimistic economic projections based on mistaken assessments of the global economy s ailments thus threaten recovery prospects with potentially far reaching consequences.

If Pakistan, nuclear weapons and all, was to fall to the extremists, the consequences in terms of encouraging the export of terrorism would be dire.

Mismanage the process, and the consequences could be unimaginable.

The consequences could be catastrophic, not just for Greece, but also for Portugal, Spain, Italy, and who knows whom else.

But sometimes the line really is crossed, all relevant players know it, and the consequences are potentially profound.

If the German Constitutional Court imposes limits on the OMT program, the consequences would be dire, for it would render the ECB s guarantee to do whatever it takes ineffective.

If the shadow banking system collapses, the consequences for the financial system will be much graver than the problems caused by underground credit networks and local government finance platforms, which were much discussed in 2012.

At long last, this is surely the opportunity for pro Doha statesmen worldwide to pressure both Obama and the Republican leadership into doing so. To neglect this window of opportunity would be tragic.

But they cannot ignore their problems forever, and the consequences of delaying the reforms that France needs could be catastrophic.

Fortunately for China, the negative consequences of such a move would probably be far less severe than previously thought.

As in the Great Depression, the political consequences are more serious and hold longer term significance.

Finally, those opposing pay regulation are certain to warn us about unintended consequences.