Tom didn't act quickly enough.

Is America Healing Fast Enough?

CAMBRIDGE The global economy is a runaway train that is slowing, but not quickly enough.

The options are far more painful if the pie has ceased growing quickly.

The price of farmland hasn t grown so fast as to make investors rich.

Internationalization can itself become a barrier if it does not happen fast enough.

Then again, we might live to regret that times did not change fast enough.

First, Russia is failing to diversify its economy rapidly enough. Oil is a mixed blessing.

But will tax revenues rise fast enough to offset the escalating cost of servicing the government s mountain of debt?

Unfortunately, the market cannot produce a demand recovery rapidly by itself.

Consider South Asia, where the poverty rate fell from 60 in 1981 to 40 in 2005 not fast enough, given population growth, to reduce the total number of poor people.

However, the tribal society of the Gauls did not change fast enough for the centralized Roman state, who would learn to counter them.

But will incoming IMF Managing Director Dominique Strauss Kahn be able to exercise this new power quickly enough to avert a crisis?

On the supply side, urban land with all its physical and social infrastructure must expand quickly enough.

In addition, safer alternatives, affordable sustainable technologies and alternatives to chemicals of special concern are not being developed fast enough.

In Africa, after economic stagnation in the 1990 s, a decade of encouraging economic growth is reducing the proportion of the population living in extreme poverty, but not quickly enough to halve it by 2015.

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As a result, the reforms needed to rebalance the economy may not occur fast enough to prevent a hard landing when, by next year, an investment bust materializes.

What is unknown is whether we will reach that point fast enough to avoid major disruptions, or even potential conflict.

And times might change. Then again, we might live to regret that times did not change fast enough.

Even if a bailout plan were implemented quickly which appears increasingly unlikely there would be some credit contraction.

Indeed, it seems unlikely that governments in China and similar emerging markets can compensate swiftly enough to boost domestic consumption.

Tempers cooled soon enough, but India was always regarded as tilting toward the Kremlin, hardly a recommendation for warm relations in American eyes.

Although economic growth has reduced South Asia s poverty rate, it has not fallen fast enough to reduce the total number of poor people.

The main drawback of the consensus building process is that it is slow and cumbersome, and there is a danger is that the Chinese leadership will not move fast enough to counteract the sudden drop in the global economy.

And it can happen to any country, although advanced countries can usually tighten fiscal policy with sufficient speed and credibility that the pain comes mainly in slower growth.

But there is a broader Reagan type reasoning at work here unemployment is high, the economy is not growing fast enough, and we need a fiscal stimulus.

It has to move forward fast enough to exceed critical physical thresholds, which are significantly higher than those for most of Boeing s other (smaller) planes.

Is that possible? Could it be done quickly enough to boost other regional players confidence that the country s evolution will be predictable?

Eventually, this can lead to default on euro zone members public and foreign debt, as well as exit from the monetary union by fragile economies unable to adjust and reform fast enough.

Libyans complain that the interim government, known as the National Transitional Council (NTC), has not moved quickly enough to purge and prosecute senior Qaddafi officials, or to rein in the militias that overthrew his regime.

When baby boomers entered the workforce, the economy did not generate jobs fast enough, and hundreds of thousands emigrated to the more industrialized Sweden, with emigration peaking in 1969 and 1970.

The paradox of South Asia is that growth has been instrumental in reducing poverty and improving social outcomes, but poverty rates and social outcomes have not improved fast enough to reduce the total number of people living in misery.

The primary purpose of a pacemaker is to maintain an adequate heart rate, either because the heart's natural pacemaker is not fast enough, or there is a block in the heart's electrical conduction system.

However, in the actual implementation, these measures are not addressing the issues quickly enough due to various obstacles being encountered, such as gender insensitivity, ineffective mechanisms and institutions, among other things.

Some will argue that the real problem is that the Kyoto Protocol isn t strong enough.

The European Financial Stability Fund is large enough to cover Greece s financing needs but not large enough to finance Italy and Spain if they lose access to private markets.

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Progress there has also been achieved at the pace expected of a State party.

Some people say, well, we don't still have enough data, we need to get more information, there's all these things we don't know.

In other words, Hiatt finds fault with himself and his organization for saying the right thing, but not loudly enough.

Entitlement programs would likely be reduced, but not enough to offset a substantial intergenerational burden transfer.

Policies aimed at sustainability are likely to follow. What is unknown is whether we will reach that point fast enough to avoid major disruptions, or even potential conflict.

It was democratic India (in 1991) and South Korea (in 1997 1998) that turned around their economies quickly, while Pinochet s Chile (in 1983) and Suharto s Indonesia (in 1997 98) fell into deeper quagmires.

While fears of meltdown have dissipated, these policies have been maintained or extended, with policymakers citing the fragility of the ongoing economic recovery and the absence of other, equally strong policy levers such as fiscal policy or structural reforms that could replace monetary policy quickly enough.