Does not compute?
- 26 Jan 07, 10:46 AM
There is an unspoken undercurrent in many of the debates here. I have been trying to put my finger on it and I think it's this: the economic forecasts are strong, business is good and continues to grow. But set against that is a formidable range of long-term risks and political instability - Iraq and the middle east, the possible consequences of climate change, a big realignment of the global economy with the rise of China and India, the major disruption to traditional businesses caused by the internet and more. Somehow these two "currents" of discussion don't sit together. Or to put it another way, can it last?
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Authors
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Tim Weber is the business editor for the 麻豆社 News website. |
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Richard Sambrook is the director of global news for the 麻豆社. |
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Comments Post your comment
The organizers made it clear that the forecast for a strong economy is restricted to the short-term (2007). Many of the problems that are mentioned are very long-term: ie the effects of climate change and the rise of developing economies will take time to kick in. So, it seems to me there is no paradox. It's simply a question of whether one is dealing with problems in the short or long term. Unfortunately, without naming names, some major political and corporate leaders are more short-sighted than others :)
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Richard makes an important observation; so much of today's situation seems favourable and yet there is a feeling the birds do have to come home to roost some time. Inflation is growing; UK government debt rising; productivity growth poor particularly in public sector. Tax burden rising. Then add in the longer term and most people's short-sighted approach; individual action to save energy would make a tremendous impact on tackling climate change but most of us are complacent. Can it last? mmmmm
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I agree with Tony's comment. Everything positive that is coming out of Davos is short term. Going even further, I think they know that things are about to take a turn, whether because of geopolitical events or just plain & simple, circle of life, economical circle, whatever it is called. They just do not want to be the first ones to sound an alarm.
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