The Financial Crisis and Developing Nations
The global financial crisis has been difficult for the world’s most advanced economies, but its impact on developing nations may prove more severe. Join Nancy Birdsall and Danny Leipziger for a discussion of the political and economic consequences of the crisis on the world’s most vulnerable nations.
Watch John P. Lipsky, first deputy managing director of the International Monetary Fund (IMF), remark on the recent effects of the economy on IMF member countries and the IMF's reaction to the financial crisis.
Watch Justin Yifu Lin, chief economist and senior vice president at the World Bank, discuss how stimulus measures may be applied to boost global demand, taking into account the challenges such efforts face in poor nations, emerging economies, and wealthy countries alike.
Willem Buiter discussed the current and future challenges of the Eurozone, including the sovereign solvency crisis and the possible restructuring of current sovereigns, Spain's current debt situation, the role of the European Central Bank, and the possible exit of Greeze from the Eurozone.