This year's meeting of 41 World Economic Forum in Davos has been the motto of "shared standards for the new reality." Seek agreement involves sharing standards, and achieve common behaviors and conduct the affairs of the international economy. When someone mentions the reality, he confronts her, and this is a bad thing, because it is as if we say that we are living back to it.
The sheer number of issues that arise in Davos can be grouped into five major areas or issues. First and foremost is the change of power, growing at three speeds: very strong in emerging and developing economies, strong in the Together, but does not generate sufficient employment, and weak in Japan and Europe, with the exception of Germany. This, says Martin Wolf, a world divided by a common economy, where the developed economies have a fiscal deficit of 7% of the product emerging from 3% and 5% poor. ence of rich countries to meet the payment of public debt and a state like China now giving more money to developing economies the World Bank. It is true that China does not share the rules and play to market economy while manipulating the exchange rate, credit allocation and investment conditions and internal capital markets, but this is part of the new reality. Take more or less to arrive, but we are at the end of a historical trend. President Barack Obama, in his great speech to Congress, has made clear that no one is more patriotic to evoke a powerful America, and we must make the future work for a company and an innovative economy.
The second issue of contention is the environmental degradation and pressure on natural resources, energy, raw materials and foodstuffs. Precisely the protagonists of the new reality emerging, are forcing the demand for these goods. The current conflict in Tunisia has, among other things, the scarcity of food, that occurs with some frequency in other neighboring countries. No wonder that inflation in food prices is a key point in the Davos agenda, with opponents and advocates, because while some countries are destabilized, other producers of raw materials are rich, but one must ask how this is dealt benefit.
A third aspect is the global labor market access in emerging countries, with millions of people in competition with workers in poorer economies and those of the richer economies, especially immigrants in the economic bonanza they sought refuge in . Klaus Schwab, President of the Forum, has also raised the effect of the job insecurity of the new generations and their relative impoverishment, real and expectations with respect to the previous.
Fourth, and into purely economic issues, debates and discusses the role of regulation and control of financial economics. So while we are obsessed with raising the capital to banks, markets speculate freely with the countries' debt and leaving the field covered tremendous volume operations. Since starting operation in 2003, is 163,000 million dollars invested in markets for products traded on commodities, in just two years, in crisis, it has gone from 55,000 to those 163,000 million. What were once housing and shares of some companies now are food, but traded in an opaque market, like much of the debt operations. Already there are those who warn of the new bubble, although it is normal that regulation always go behind the problems.
The last question, the fifth case, it is Davos, the people who gather there. Of the 2,500 people who attended this year, 1400 are presidents or senior executives of large companies, beyond the statements of politicians or intellectuals witticisms, his views are what give character to Davos. They wanted to see in this vast world wide representation of a certain pattern, an identification standards ranging from shared tastes, including clothing, even politically correct attitudes to philanthropy, inequality, climate change and other conventions. It is as if one were to combine ethics and aesthetics in a new ontology or vision for a world that has become so complex that no one who has been there can encompass. Gumersindo
Ruiz.
(Grupo Joly 31/01/2011)
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