Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Egypt's SCZONE welcomes Zhejiang Province delegation for trade talks    Beltone Venture Capital partners with Citadel International to manage $30m startup fund    S. Africa to use contingency reserves to tackle debt    Gaza health authorities urge action for cancer, chronic disease patients    Transport Minister discusses progress on supplying new railway carriages with Hungarian company    Egypt's local gold prices see minor rise on April 18th    Expired US license impacts Venezuela crude exports    Taiwan's TSMC profit ups in Q1    Yen Rises, dollar retreats as G7 eyes currency calm    Egypt, Bahrain vow joint action to end Gaza crisis    Egypt looks forward to mobilising sustainable finance for Africa's public health: Finance Minister    Egypt's Ministry of Health initiates 90 free medical convoys    Egypt, Serbia leaders vow to bolster ties, discuss Mideast, Ukraine crises    Singapore leads $5b initiative for Asian climate projects    Karim Gabr inaugurates 7th International Conference of BUE's Faculty of Media    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    Eid in Egypt: A Journey through Time and Tradition    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Tourism Minister inspects Grand Egyptian Museum, Giza Pyramids    Egypt's healthcare sector burgeoning with opportunities for investors – minister    Egypt starts construction of groundwater drinking water stations in South Sudan    Russians in Egypt vote in Presidential Election    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Egypt's powerhouse 'The Tank' Hamed Khallaf secures back-to-back gold at World Cup Weightlifting Championship"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    Egypt builds 8 groundwater stations in S. Sudan    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Where are the global leaders?
Published in Daily News Egypt on 21 - 07 - 2008

The G-8 Summit in Japan earlier this month was a painful demonstration of the pitiful state of global cooperation. The world is in deepening crisis. Food prices are soaring. Oil prices are at historic highs. The leading economies are entering a recession. Climate change negotiations are going around in circles. Aid to the poorest countries is stagnant, despite years of promised increases. And yet in this gathering storm it was hard to find a single real accomplishment by the world's leaders.
The world needs global solutions for global problems, but the G-8 leaders clearly cannot provide them. Because virtually all of the political leaders that went to the summit are deeply unpopular at home, few offer any global leadership. They are weak individually, and even weaker when they get together and display to the world their inability to mobilize real action.
There are four deep problems. The first is the incoherence of American leadership. While we are well past the time when the United States alone could solve any global problems, it does not even try to find shared global solutions. The will to global cooperation was weak even in the Clinton administration, but it has disappeared entirely during the Bush administration. The second problem is the lack of global financing. The hunger crisis can be overcome in poor countries if they get help to grow more food. The global energy and climate crises can be overcome if the world invests together to develop new energy technologies. Diseases such as malaria can be overcome through globally coordinated investments in disease control. The oceans, rainforests, and air can be kept safe through pooled investments in environmental protection.
Global solutions are not expensive, but they are not free, either. Global solutions to poverty, food production, and development of new clean energy technology will require annual investments of roughly $350 billion, or 1% of GNP of the rich world. This is obviously affordable, and is modest compared to military spending, but is far above the pittance that the G-8 actually brings to the table to solve these urgent challenges. British Prime Minister Gordon Brown has made a valiant effort to get the rest of Europe to honor the modest aid pledges made at the G-8 Summit in 2005, but it has been a tough fight, and one that hasn't been won.
The third problem is the disconnection between global scientific expertise and politicians. Scientists and engineers have developed many powerful ways to address today's challenges, whether growing food, controlling diseases, or protecting the environment. And these methods have become even more powerful in recent years with advances in information and communications technology, which make global solutions easier to identify and implement than ever before.
The fourth problem is that the G-8 ignores the very international institutions - notably the United Nations and the World Bank - that offer the best hope to implement global solutions. These institutions are often deprived of political backing, underfinanced, and then blamed by the G-8 when global problems aren't solved. Instead, they should be given clear authority and responsibilities, and then held accountable for their performance.
President Bush may be too unaware to recognize that his historically high 70 percent disapproval rating among US voters is related to the fact that his government turned its back on the international community - and thereby got trapped in war and economic crisis. The other G-8 leaders presumably can see that their own unpopularity at home is strongly related to high food and energy prices, and an increasingly unstable global climate and global economy, none of which they can address on their own.
Starting in January 2009 with the new US president, politicians should take the best chance for their own political survival, and of course for their countries' well-being, by reinvigorating global cooperation. They should agree to address shared global goals, including the fight against poverty, hunger, and disease (the Millennium Development Goals), as well as climate change and environmental destruction.
To achieve these goals, the G-8 should set clear timetables for action, and transparent agreements on how to fund it. The smartest move would be to agree that each country tax its CO2 emissions in order to reduce climate change, and then devote a fixed amount of the proceeds to global problem solving. With the funding assured, the G-8 would suddenly move from empty promises to real policies.
Backed by adequate funding, the world's political leaders should turn to the expert scientific community and international organizations to help implement a truly global effort. Rather than regarding the UN and its agencies as competitors or threats to national sovereignty, they should recognize that working with the UN agencies is in fact the only way to solve global problems, and therefore is the key to their own political survival.
These basic steps - agreeing on global goals, mobilizing the financing needed to meet them, and identifying the scientific expertise and organizations needed to implement solutions - is basic management logic.
Some may scoff that this approach is impossible at the global level, because all politics are local. Yet today, all politicians depend on global solutions for their own political survival. That by itself could make solutions that now seem out of reach commonplace in the future.
Time is short, since global problems are mounting rapidly. The world is passing through the greatest economic crisis in decades. It's time to say to the G-8 leaders, "Get your act together, or don't even bother to meet next year. It's too embarrassing to watch grown men and women gather for empty photo opportunities.
Jeffrey Sachs is Professor of Economics and Director of the Earth Institute at Columbia University. This commentary is published by DAILY NEWS EGYPT in collaboration with Project Syndicate (www.project-syndicate.org).


Clic here to read the story from its source.