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&lt;p&gt;&quot;The biggest decisions affecting the recovery will be made, or not made, by governments.&quot; So says Orit Gadiesh, chairman of Bain &amp;amp; Company, in closing remarks published ahead of the World Economic Forum at Davos.  According to Gadiesh, the nature of the economic recovery will be largely dictated by &quot;which economic advice Western nations turn into policy and whether countries worldwide can develop unprecedented levels of collaboration to jump-start aggregate demand.&quot;  In her op-ed, published in the &lt;em&gt;Times of London&lt;/em&gt; this week, Gadiesh discusses the critical role of government reluctantly, preferring to discuss Keynes and world water shortages than to dish her own perspective on what governments &lt;em&gt;will&lt;/em&gt; or &lt;em&gt;should&lt;/em&gt; do.  Of course, she&#39;s built a remarkable career telling businesses what they &lt;em&gt;should&lt;/em&gt; do, and she doesn&#39;t disappoint here; it&#39;s how corporate leaders respond to government action/inaction and economic trends that will shape the post-crisis business landscape, she says.&lt;/p&gt;&lt;p&gt;&lt;img style=&quot;float: left;&quot; src=&quot;http://www.vault.com/VCM/articles/gadiesh2.png&quot; alt=&quot;&quot; width=&quot;247&quot; height=&quot;193&quot;&gt;Gadiesh starts eloquently, waxing poetic about &quot;the idling engine room of the global economy.&quot;  That engine room, she says, is manned by consumers who have moved to save, rather than spend, their hard earned cash.  The same goes for governments at all levels; local and state governments, for example, have sought desperately to cut costs and level their budgets.  But austerity measures aren&#39;t a silver bullet for the world&#39;s economic woes, Gadiesh warns, citing China&#39;s continued economic successes as fueled by a &quot;huge government stimulus plan&quot;.&lt;/p&gt;&lt;p&gt;&lt;br&gt;The head Bainie also touches on a few classic sources of economic debate: Keynes, inflation/deflation, interest rates.  Her purpose?  The real problems facing the world require &quot;unprecedented&quot; levels of international cooperation; countries going it alone just won&#39;t cut it.  She drives her point home with skill, citing an imminent world water shortage and worrisome population trends as spectacular examples of problems that require the world community&#39;s undivided and coherent attention.  Our problems are global problems, she says, so it takes the whole world to address them.&lt;/p&gt;&lt;p&gt;So, if it&#39;s all about government, where does business fit in?  &quot;Even though business leaders cannot control fiscal policies, demographics or resources,&quot; Gadiesh explains, &quot;part of the job is to stay close to these issues and anticipate the necessary adjustments required of the business.&quot;  One &quot;necessary adjustment&quot; that businesses need to move quickly to capitalize on is investment; corporations currently have more cash than ever before, she says, so every &quot;chief executive should have a clear and well-developed set of priorities for strategic investment and the right criteria to move quickly when the opportunity arises.&quot;  Companies also need to diversify, says Gadiesh; diverse assets, services, and even geographies are key to avoid risks posed by political and economic changes around the world.  Business leaders need to ask themselves: &quot;What alternatives have you prepared?&quot;  &quot;If the answer is &#39;none&#39;,&quot; she says, &quot;you have not been doing your job.&quot;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;For more information:&lt;/strong&gt;&lt;br&gt; Orit Gadiesh: &lt;/p&gt;

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