Global challenges are a generic acronym encompassing different crises: economic, ethical, political, environmental, energy, etc. Among the many areas in which the leaders of the rich countries do not appear willing to demonstrate leadership is the economic crisis, properly speaking. They would have reasons to temper their cautions.
An average of 120 million veteran unemployed people on the planet refers to reducing global demand and possible social adjustments in several countries. Additionally, prolonged growth is resistant to stimuli sought by monetary and fiscal devices of central banks and governments. So far, they have been awarded, in total, about US$ 13 trillion in stimuli, employed from October 2007 to September 2009 (World Economic Outlook, 2009).
Whether the world needs leaders to confront its most pressing challenges is an important point that requires reflection. Suppose we collocate the skin of the leaders of the wealthiest countries, faceless men who represent 85% of the world economy and close to two-thirds of the population of the planet. In that case, we should probably call attention to their bewilderment.
In Europe, the adjective that expresses uncertainty is “indecisive.” Perhaps other adjectives could have been used, and the result would have been seen. The bottom line is the following: It is expected of the world’s leaders to demonstrate decision, which implies a road without a return, a risk that few seem willing to take.