Rescuing world economies from collapse

Steve Lyston, Contributor

A great deal of attention is now being directed to the economies of various European countries - Greece, Italy and England.

The debt crises taking place in these countries has caused internal reactions that were not anticipated.

England and Germany, in particular, are vital to the world stage. Hence, everything must be done for them to create an economy that will be conducive to economic growth and development.

Considering what is happening with the United States economy, if the European economy takes a turn for the worst, to whom will nations turn?

So the first thing that needs to be done is that they have to revisit the policies in these countries - from taxation policies to judicial policies and trade policies. They have to understand that the world is round - so what goes around comes around; and also that we all need each other.

Europe needs to open up its market and free up trade. It also needs to seek to understand other cultures in order to improve relationships and work together for better decision-making that will ultimately benefit all together.

Solving problems

When problems exist, although they create initial hindrances, there are always opportunities presented, and the solutions are oftentimes embedded in the problem.

The problems are also indicators to the leaders of what needs to be addressed, not only on that level, but in the bigger picture. For example, the riots in Britain involving the youth is an indication that the leaders at various levels need to look to young people for solutions.

They will have to reinvent apprenticeship programmes that deal with the youth.

They need to allocate more resources to deal with training and mentorship of the youth.

Grants must be provided to youth organisations and set up resource centers to gather information about the ideas of the young people and the problems they face.

Remember that just as the world is turning, the eras are changing and what had worked in previous eras will not work in this time.

Markets change because new groups are coming to the fore. Further to this, desires change as different things happen worldwide - each situation, system, individual, has its impact on the other.

They need to meet with other persons from the universities, places of influence - not just the professors who think like they do and are unwilling to change or to hear new ideas - but to meet with those 'underlings' who are brilliant and brimming with ideas that can actually bring the change needed, recognising that such persons are not necessarily coming to replace them, but to help them build.

All this is so that a transfer of wealth, and wealth of knowledge, can come to the next generation.

Biggest test

The biggest test is going to be confidence in the investors and their instruments, because they have seen what has taken place in the US real estate market. They are already bleeding in this area and so they are quietly fighting to stop a similar situation from occurring.

They need, therefore, to:

Conduct fora with all stakeholders - bankers, realtors, mortgage brokers and homeowners - to formulate policies to stabilise that area and ensure that trust is restored.

Ensure that those who have real estate in the financial downturn be restored in that area.

Create benefits for homeowners - such as lower interest rates, full scholarships and free education - to help to restore the confidence of the people and to garner the votes they need in the next elections.

Another critical industry to which attention should be paid is fashion. This industry is an extremely lucrative area to invest in and be a part of in this time.

The leaders need to go out and meet with the street people and the less fortunate, rescue them and give assistance to them - offer them jobs.

They need to invite other countries to come in and partake and give them opportunities, like the Caribbean. This will help the nations build each other up.

Jamaica is a good example of this on a smaller scale. Kingsley Cooper of Pulse has successfully taken inner-city people, saw the potential in them and helped them to grace the world stage and magazines through modelling and fashion.

If they accept change, Europe will be the next oasis for world economies.

Steve Lyston is a biblical economics consultant and author of several books, including 'End Time Finance' and 'The New Millionaire'.