Much of the political tension around Ukraine is explained by the desire for power, the threat of a division of the country with the aftermath of a civil war, the desire for control, the fear of losing and the narcissism of the political leaders in conflict. Fate summons the characters, brings them closer or separates them.
Says Michael Spence, Nobel Laureate in Economics: “The world economy continues to experience at least four major structural transformations: 1) the multidimensional digital revolution, 2) the search for clean energy and environmental sustainability, 3) great advances in biomedical sciences and biology, and 4) the rise of Asia.
These characteristics offer opportunities for well-being, but also difficulties that imply institutional adaptations in the global context. The risks to health and social well-being are too high for one fundamental reason: lack of cooperation.
It is evident and the authorities of the World Health Organization have pointed out that the pandemic continues to produce many deaths. Without vaccination on a global scale, new variants of Covid-19 will continue to emerge and it will produce more confinements with effects on employment and economic activity. It represents a limitation to the global economic recovery. Low-income countries, on average, have only vaccinated 6% of their population.
In the confrontation of regional powers, China warns that the United States as a power would like to impede China’s economic and technological progress, which is very important. For example, while for this year the world economy will grow, according to the International Monetary Fund (IMF), at 3.2%, China will do so at 5.3% and the United States at 2.3 percent.
The animosities are reciprocal despite the fact that there is room for the rival powers to have a collaboration.
The difficulties in the relationship between the United States and China are complicated by the support that China has offered to Russia in its demands to preserve its security, affected by the installations of the North Atlantic Treaty Organization (NATO) of missiles of short and medium scope in Eastern European countries.
Much of the political tension around Ukraine is explained by the desire for power, the threat of a division of the country with the aftermath of a civil war, the desire for control, the fear of losing and the narcissism of the political leaders in conflict. Fate summons the characters, brings them closer or separates them.
In economic policy, the model that has been consolidated in all countries is monetary policy, exercised by central banks. It is about controlling inflation by managing interest rates. Likewise, take care of public spending so as not to raise public debt to inconvenient levels.
Climate change is leading the world to disaster. Political leaders in developed countries are slow on solutions. Although the unquestionable objective is an adequate substitution of coal, oil and gas for clean energy, in fact the energy transition is very difficult, but possible and necessary.
US President Joe Biden noted: “high energy prices only reinforce the urgent need to diversify sources, double down on clean energy deployment, and adapt new technologies.” A week later, he pointed out that the Organization of Petroleum Exporting Countries (OPEC) was endangering economic recovery and therefore the United States was willing to use all the necessary tools to produce oil and release part of its strategic resources to reduce oil prices. the fuels, which he did.
Economist
Economy and Society
Writer and graduate in economics, graduated from the National Autonomous University of Mexico. From 1984 to 1990 he was Mexico’s ambassador to the Kingdom of Denmark, where he was awarded the Dannebrog order.
