Britain's former prime minister Tony Blair said that challenges the world faces today can be dealt with good governance which in turn help solve an "anxiety" that is confronted by global leaders.

Speaking at the Global Financial Markets Forum in Abu Dhabi on Wednesday Blair who governed the UK from 1997 to 2007 highlighted on the notion that there are dynamic reformation issues which are holding nations back from succeeding.

"You can put as much aid and development into a country but without governance it won't succeed."

Blair highlighted that the UAE is a prime example of a nation that has developed dynamic growth and success due to itsleadership.

"Here in the Middle East you see the difference between the UAE and other places because of the way the country is governed."

"For the past 50 years humanity has made enormous progress despite everything. You come here to the UAE and you realise what was here 40 years ago and what is here today."

Thus he noted that key issues the region faces could be challenged if governments look towards creating a "tolerant and open-minded society."

Furthermore Blair pointed that the Middle East is in fact facing great challenges that is holding back its development and on top of the list is the call for a two state-solution for Palestine.

According to him "There is only one solution it is two states. This is a fundamental importance for the development in the region."

He said that Africa must introduce "proper laws to create the right government for business."

Moreover Blair noted that China plays a critical role in global economy however without structural reformation constructive partnership could become difficult.

He then said that the upcoming US election would play a vital role in creating a constructive partnership with China and aid to the world's economy as a whole.

"The reformers in China will need the required support in order to persuade China to have a constructive partnership with the US"

Blair whose reputation was hit by his decision to send troops to Iraq in 2003 suggested that in the political world actions must speak louder than words.

"One thing that I learnt in political leadership is that those that shout loudest do not necessarily deserve to be heard but that's easy to say when you're out of the office."

He thus highlighted that the revolutionary power of social media helped create "insurgent movements" and is having an immense impact on US voters noting that it can be both polarising and demeaning.

"Social media confuses one's ability to see the reality. But can these people actually win this election?" he asked.

Moreover Blair noted that there are potential leaders who describe themselves as "I'm authentic I'm telling it like it is when actually they are telling it like it isn't."

Blair illustrated how the lack of reformation has created a negative impact and de-stabilisation.

He noted that great success and immense failure could even be found in countries that are neighbours with one another with similar population and natural resources.

"Colombia and Venezuela Poland and Ukraine and the biggest example is the Korean peninsula" he added.

Why Trump worries Blair

According to Tony Blair the next US president will be critical. However Blair revealed that he was unimpressed and rather frightened about how the elections are currently playing up especially with number of voters favouring Donald Trump who is likely to clinch the Republican nomination.

"He does worry me but this is what's happening with politics today and it's happening all over the world" said Blair adding that "Sometimes I look at politics today and wonder if I still understand it."

He said although the current US elections appear to be somewhat of a spectacle they should nevertheless be taken seriously as the elected president will make critical decisions on global economy and security including decisions on the refugee crisis.

"The problem with the refugee crisis for Europe is the security problem; it's a security anxiety."