Address to the EP ECON Committee, 18 March

以下为 IFRS 基金会新闻的开头摘要（英文原文）。全文请见 IFRS 官网。

Erkki Liikanen, Chair of the Trustees, IFRS Foundation

We are living in a politically fragmented world. In the 1990s, we moved from two superpowers to one.

Then, the picture changed again. We now live in a multipolar world with the US and China, as well as the EU, India and others, all playing prominent roles.

Various scenarios are anticipated for the coming decade. Bruegel, a well-known Brussels think tank that I also chair, has presented three. We need to be prepared.

First, a collapse in international cooperation. We see this all around us. In this world, what are the essential global public goods and who provides them? Nuclear proliferation? Can we still act together on climate change? Who steps up to lead? A very challenging scenario.

Second, a return to the world of blocs. A US-led bloc, a China-led bloc and a group of non-aligned countries. In this scenario, the EU’s choices matter a great deal. This scenario is plausible.