2. Relazioni di scenario 47 but the public sector is incredibly important as a crucial kind of working partner in creating supportive and enabling conditions, in investing in tangible and intangible assets that are necessary for this kind of change. And when you look at leadership and good governance, you find leadership teams characterized by high integrity, talent, depth of experience, ability to project a vision, open-minded, willing to talk and debate, but in the end pragmatic and willing to act and even experiment when it’s necessary and the solutions aren’t obvious. We need to be persistent, even stubborn, because structural change is really a long-term endeavor or process. We need a commitment overcoming investment deficits, and we need a commitment that is evident to everybody to advancing the well-being of the entire population. Now, everything I just said I think is an accurate characterization of the status quo in this country today. In addition, you have support from Europe, unlike the post great financial crisis, in the form of the Recovery Fund, and I suspect this is going to morph into a very fundamental shift in the attitudes in Europe. You know, maybe in the pandemic, we learned a lesson. The lesson was: Nobody is safe until everybody is safe. And we need to play that out on a global basis. But I think the lesson translated into the European context is: Nobody really fully succeeds until everybody is succeeding. And if that idea, and the solidarity that’s implicit in it, has got taken hold, I think it’s just a fundamental shift. In addition, it’s strongly reinforced my confidence, external confidence, in the governance within this country and other countries. So I’m on board in terms of optimism. It’s not a done deal. There is a huge set of challenges and tasks to be tackled, but they can be done. Having said all that, I want to talk a little bit about the medium and short run. Three months ago, in May, if you and I were talking with each other, I would’ve said, “We’re in the midst of a very rapid recovery.” The pandemic is starting to show up in the rearview mirror in the developed countries. The vaccine roll-out will spill over into a wide range of developing countries, including the low-income ones. You fast forward to today, the picture looks a little bit different, not catastrophic, but fundamentally different. In what ways? Well, first of all, the global supply chains are congested in a way that nobody anticipated, and certainly not me. We have shortages and rising prices, and probably a kind of congestion that is going to last a lot longer than we thought. To
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