Today, we need to start from scratch, and develop a new economic paradigm. We need a little more humility about the power of policies and markets. We need to better understand the complex linkages between the financial system and the broader economy—and also the linkages between countries themselves. Most important of all, countries need to work together to build a more successful and more stable global economy. This cooperation will be the major legacy of the crisis, and it must not be squandered.
IMF's Dominique Strauss-Kahn on new policies for a new world.