Is it time for a new leadership for the global economy?

October 25, 2013 12:31 PM Updated: October 25, 2013 12:31



It became clear during the meetings of the International Monetary Fund and the Institute of International Finance, which I attended, finally, in Washington amid a storm of political debate on raising the debt ceiling the U.S. and the state of confusion financial Economic witnessed by the world's largest economy, it was clear that perhaps the world that is looking for the leadership of a new economic or be less Americanization and depending on the U.S. economy during the next phase. According to Al-Qabas

Despite what has been achieved to raise the U.S. debt ceiling and the U.S. government to open its doors after the controversy and attract large, the crisis is not over yet and will return to the fore soon. What happened, no doubt, hit everyone who attended these meetings, the status of international concern - and perhaps sometimes panic - the future of the global economy led by the United States and is unable to deal with the debt ceiling or the continuity of the work of government facilities.

He has been on American leaders to agree quickly to raise the debt ceiling, but message that Osolha to the world beyond their drawbacks agreement, which was positive. Did not pass the U.S. confidence crisis such as those experienced today. The image of the United States as the cornerstone of the global economy has become shaky and the focus of a doubt. Deep political Valtbaan between the Democratic and Republican parties, and at noon it are emerging as rival factions seek to seize the opportunity to settle accounts with each other, suggesting the existence of a crisis in leadership and decision-making U.S., even though some description of what happened there as a crisis of confidence in the current leadership. Not talking here about the internal decisions relate only to the American people, but all decisions determine the point of the global economy and on hundreds of thousands of investors and the peoples of the whole world.



One day .. Confidence and go

U.S. commanders recognize that trust is one of the most prominent factors driving, as it is a condition of stability, but they probably do not realize that the trust does not need more than one day because the break and crumble. All crises throughout history debt markets in the world caused by the collapse of confidence. This is self-evident, because trust is the basis of economic and financial dealings. American commanders and what he did is that they let down the confidence in the world that granted to them through the provision of political calculations on the global interest.

The problem in my view, lies in the fact that the internal conflicts between the interests of the United States and the interests of the global economy has reached prompting calls to review the impact of the U.S. on the global economic scene. It is unacceptable that threatens the internal bill - modeled on the health care bill put forward by U.S. President Barack Obama, who Aterbt exclusively American people - the rest of the stability or even the rest of the hope of the stability of the global economy. By analogy, it is unacceptable to be a U.S. senator, what does not look further than the garden of his house responsible for making the decision long millions of people around the world, and threatens their livelihood and the economic and social stability.



Shocking words .. And sharp

This speech may be sharp and shocking, but the world is not over yet pay the bill for the U.S. mortgage crisis, in order to begin to pay the new bill. The world does not elect politicians Americans do not participate in making their decision, in order to be responsible to that extent for the consequences of this decision. If the global financial crisis continuing and renewable may shed light on the importance of research (albeit in vain so far) for an alternative to the dollar as a reserve currency world, the importance of reforming the system of quotas and voting and representation in international institutions such as the IMF and the World Bank, the declining confidence in the ability of States the United States to lead the global economy may pose problematic site of the United States in this economy and their impact on it.

For as long as the United States formed the main engine of the global economy. Today, Valkharth of global economic change with the emergence of a greater role for emerging economies, although this role is still an interpreter in global economic decision-making. The leadership position held by the United States on the world stage is no longer based on the strength of its economy and dynamics, but it is increasingly based on the absence of an alternative. In this crisis, as you have pointed out in an earlier article, the United States will emerge from the 'victorious' no thanks to the strength of its economy, but because the world will come out of them subdued.

China on first

The crisis of confidence affecting America today must be paid in the world to think seriously about the alternative. Despite the difficulty of dispensing bilateral China - the United States by both sides, China is aware that their exposure to risk U.S. Pat replace a threat first, which has paid to be on the top researchers for this alternative, but the maturation of this alternative needs to be a long time. Thus, it is not expected to lose the U.S. soon its leadership position in the global economy.

In short, the crisis of confidence in the United States of America indicate that there is a change must happen: The United States should be more globalization in the industry economic decision, and the world should be less Americanization or as I said in Washington, DC It is time to de-americanize the global economy .


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