Robert Zoellick: The World Economy and It’s New Hotspots
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November 20th, 2009 by Prieur du Plessis, Investment Postcards from Cape Town
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In this three-part video interview, Robert Zoellick, president of the World Bank, discusses with Chrystia Freeland, FT’s US managing editor, a range of topical issues concerning the global economy, new economic hotspots, China’s currency peg and lessons from the crisis.
Part 1: China and the dollar
Zoellick talks about President Barack Obama’s recent trip to China and the effects of Chinese currency being pegged to the dollar. He also discusses increased criticism from China of US economic policy.
Click here or on the image below to view Part 1 of the interview.
Part 2: World economy
Zoellick talks about the state of the world economy, including the financial recovery, concerns about protectionism and the role the US consumer will play in the recovery. Additionally, he discusses America’s fiscal position, the weakening US dollar and the new economic hot spots.
Click here to view Part 3 of the interview.
Part 3: Lessons from the crisis
Zoellick talks about lessons from the crisis, including executive compensation, and whether the casino function of banks should be separated from the utility function.
Click here to view Part 3 of the interview.
Source: Chrystia Freeland, Financial Times, (here, here and here), November 19, 2009.
Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.
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