http://www.weforum.org/annualmeeting
25.01.2008
BBC World Debate: Global Economic Shocks: Perfect Storm Ahead?
As the global outlook shifts from uncertainty towards vulnerability, how many more “body blows” can the world economy take? Is a “perfect storm” looming?
In partnership with the World Economic Forum, the BBC World Debate explores the vulnerability of the global economy in 2008, from the perspective of both developed and developing nations.
What will the consequences be if: Oil and commodity prices keep rising? New financial market shock hits the US and the dollar keeps falling? Dramatic corrections burst the bubbles in emerging Markets? The economic centre of gravity continues to shift eastwards?
Discussion Leader
Cheng Siwei, Vice-Chairman, Standing Committee, National People’s Congress, People’s Republic of China
Palaniappan Chidambaram, Minister of Finance of India
Jacob A. Frenkel, Vice-Chairman, American International Group (AIG), USA
Kishore Mahbubani, Dean, Lee Kuan Yew School of Public Policy, Singapore
Ndi Okereke-Onyiuke, Director-General and Chief Executive Officer, Nigerian Stock Exchange, Nigeria
Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University, USA
John W. Snow, Chairman, Cerberus Capital Management, USA
Ben J. Verwaayen, Chief Executive Officer, BT, United Kingdom
Moderator
Nik Gowing, Main Presenter, BBC World, United Kingdom
Duration : 0:46:35
June 12th, 2009 at 12:36 am
that nigerian …
that nigerian lady’s english was so bad it was like she was mumbling to herself and nobody understood what the she was talking abt omg unbelievable…
June 12th, 2009 at 12:36 am
simple really, …
simple really, lower taxes and increase interest rates… Lower taxes = higher tax revenues and results in an increase of consumer earnings/discretionary spending (positive multiplier). Increase in interest rates would act to slow down the over-extension of credit, and would slow down inflation. A change must be made in government spending, a cut in government spending is KEY.
June 12th, 2009 at 12:36 am
America is the best …
America is the best! Gotta love it….. and the governor of the Israel bank is right
June 12th, 2009 at 12:36 am
Intresting debate …
Intresting debate and African leaders don’t seem to learn a thing from such a meeting.
June 12th, 2009 at 12:36 am
I was kissed by a …
I was kissed by a Llama on friday after reading this. Its true.
June 12th, 2009 at 12:36 am
By saying ‘America’ …
By saying ‘America’, you realize that you include Mexico, Canada, Brazil, Peru, Argentina, etc… Im uming your a U.S. hater, so you should actually say ” U.S. America is screwed!!! Bwhahahahaha!!”
June 12th, 2009 at 12:36 am
Omg!!! Fear!!!! …
Omg!!! Fear!!!! Run for your lives!!! Duck and cover!!! The world is coming to an end!!!
Come on people. This is nothing new. The economy rises and falls. I lost my job because the home owners market fell. I got another job. Simple. Are you guys buying into this economic fear like the ‘global warming’ fear? Take a deep breath and get a grip.
June 12th, 2009 at 12:36 am
the governor of the …
the governor of the israel bank is right.
June 12th, 2009 at 12:36 am
America is screwed …
America is screwed !!!
June 12th, 2009 at 12:36 am
Interesting. I …
Interesting. I agree with the inequality and I just want to say, if there were a way to make people think positively and stop buying so many comforts and technologies and make the nessesaties a more affordable price.
June 12th, 2009 at 12:36 am
don’t read this . …
don’t read this .you will get kissed on the nearest possible friday by the love of your life.but if you don’t post this comment to at least 4 videos you will die within 2 days.now you have started reading.i’m reaallllly sorry but i don’t want to die.
June 12th, 2009 at 12:36 am
Your point is very …
Your point is very well taken. But I see that this comment was posted 8 months ago. Too bad that the American economy has already entered a recession even though every person on that debate did not think it was going to happen. But also i believe that people are going to have a hard time spending more money on alternative fuels when the price per barrel of crude has fallen nearly $100 dollars a barrel. But if we do nothing we are going to get a massive price spike in the future.
June 12th, 2009 at 12:36 am
hello are you isaac …
o are you isaac asimoov? haha..
June 12th, 2009 at 12:36 am
really an …
really an interesting debate, at least I know little bit about what’s really happening currently and possibly in the future, thanks for this informative stuff, appreciate it
June 12th, 2009 at 12:36 am
From the horses …
From the horses mouth!
June 12th, 2009 at 12:36 am
Interesting video …
Interesting video but I was surprised to see the entire panel ignore the fact that all of the statements on growth ume a constant supply of cheap oil.
This is proof that even at the highest levels of leadership there are very little understanding of what peak oil means.
June 12th, 2009 at 12:36 am
Great discussion, …
Great discussion, certainly some views I would haven’t heard anywhere else other than youtube..thanks for posting.
June 12th, 2009 at 12:36 am
intense. thanks for …
intense. thanks for posting. great discussion.
June 12th, 2009 at 12:36 am
The largest …
The largest impediment to global economic growth is our collective dependence on finite fossil fuels. I made a video which I advocated that governments give tax incentives for people to implement technology which would reduce the demand for oil. Telecommuting could take millions of people off of the roads very quickly. We also need a global clearinghouse for green technologies. If we collectively purchased the patent rights from inventors and made those inventions public domain we could…