Globalisation will make our societies more creative and prosperous, but also more vulnerable.
The rapid dissemination of technology and information offers entirely new ways of production, but it can also bring the spectre of more states developing weapons of mass destruction.
And, perhaps most importantly, regional conflicts will again and again confront us with a cruel choice between costly engagement and costly indifference.
For years, European leaders have pointed out that Europe is an economic giant, but a military pygmy.
And I was asked if I would come and help with the recovery of this great British company, Cable and Wireless, and I'm delighted to become part of the new and very talented management that have been brought in to that company as well.