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The Complex Challenge of Addressing Climate Change
The vested interests in macroeconomics resist change, as it affects industries, businesses, and global power dynamics. The market can incentivize but not deter, so state intervention is necessary to enforce laws. While nation states can address multipolar traps internally, there is a need for global governance to tackle global issues and prevent countries from being disadvantaged. However, finding a balance is crucial to prevent corruption and maintain checks and balances.