El mundo necesita una estrategia coordinada para crecer
La economía mundial necesita una nueva estrategia para generar un crecimiento más acelerado, ya que la recuperación tras la severa recesión sigue siendo decepcionante.Cada dato económico desalentador aumenta la posibilidad de que nos quedemos estancados por un tiempo prolongado con un crecimiento débil.Ahora hay una concientiza ción creciente de que lo que el mundo ha estado experimentando no han sido la recesión y recuperación habituales que se registraron después de la Segunda Guerra Mundial. La situación de ahora es peor, distinta y crónica.Será difícil que un país sea el motor de la economía mundial sin la colaboración del resto.Hay menos consenso sobre la solución. Lawrence Summers, ex secretario del Tesoro de EE.UU., y Paul Krugman, un ganador del premio Nobel, proponen mucho más gasto fiscal en infraestructura. Los legisladores estadounidenses del Partido Republicano sostienen que reducir la deuda del gobierno, ahora y en el futuro, llevará a que las empresas contraten personal e inviertan.Alemania trata de compen sar la actitud frugal de sus consumidores y empresas con más exportaciones y recetando austeridad y desregulación para el sur de Europa.Los británicos intentan una combinación de ajuste de cinturón, políticas de crédito fácil y la depreciación de la libra para impulsar las exportaciones.Los japoneses imprimen mu cho dinero y presionan el yen a la baja mientras que el gobierno de Shinzo Abe intenta poner en orden políticas fiscales en conflicto subir los impuestos al consumo para reducir la deuda o aumentar el gasto para estimular el crecimiento mientras avanza lentamente hacia la liberalización. Los chinos, en tanto, prometen depender más del consumo interno y menos de las exportaciones y de la inversión en infraestructura, pero no han brindado muchos detalles.Las principales economías desarrolladas y sus líderes están dependiendo demasiado de sus bancos centrales y de las exportaciones. Los bancos centrales han hecho que las economías de EE.UU., Japón, el Reino Unido y la zona euro sigan creciendo mediante una mezcla de tasas de interés muy bajas, palabras tranquilizadoras y la impresión de mucho dinero para comprar bonos. Estas políticas, que son sujeto de un acalorado debate, fueron y seguirán siendo una buena forma de impedir que se repita la Gran Depresión. Pero la política monetaria no puede resolver por su cuenta los problemas crónicos de crecimiento.Tanto el presidente de la Reserva Federal de Estados Unidos, Ben...
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