Davos Annual Meeting 2008 - BBC World Debate Davos

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

Category:

News & Politics

Tags:

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• World
• Debate
• Economic
• Forum
• Annual
• Meeting
• 2008
• WEF
• Davos
• davos08
• commentary
• analysis
• news

[shipcool]

@kayapage true dude...

[stealthpakfa]

bunch of egomaniacs.

[kayapage]

Keleolisa - No wonder Ndi onyiuke is having a good laugh!! and so don't care what she says...her amusement to this crisis is like we all know 'oil is not food, if you want it. go make yours!! if u can' ....

[kayapage]

@kimerape it may be too much for bbc to take brazil on board, they know brazil is doing just fine i ;[ ";.

[KELEOLISA]

ndi okereke is a mess. she had nothing to offer this discussion, where a clear representation of the African perspective was needed. Why didn't they invite Ngozi Iweala? She was Nigeria's Finance Minister and is also a World Bank Director. She would have been in a better position to speak intelligently about Nigeria and how it relates to the world in terms of finance.

[kimerape]

Where are the leaders from Latin America, hey BBC guys what's going on here? Mexico, Brazil are enormous markets, see or pyramid of age, how you can forget them BBC guys?

[Smiely2012]

Nice show to put some many different economical profeesion people to set together. Nice

[fcpfcp1]

that nigerian lady's english was so bad it was like she was mumbling to herself and nobody understood what the hell she was talking abt omg unbelievable...

[Questfortruth86]

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.

[bigjhamskie1003]

America is the best! Gotta love it..... and the governor of the Israel bank is right