How can cross-party collaboration initiatives reduce economic volatility?

One of the key takeaways from the sovereign debt discussion at the AIM Summit Dubai was the urgent need for cross-party collaboration initiatives. According to Kevin McCarthy, excessive political polarization in Western democracies is weakening institutions and increasing global economy and financial volatility. Without bipartisan cooperation, fiscal mismanagement can lead to a deepening global sovereign debt crisis, impacting both advanced and emerging markets. A cooperative approach to governance can stabilize economic policies and promote sustainable growth.

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