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While the global economy is clearly on the mend and recent data is encouraging, concerns remain over the possible deterioration of the European debt crisis, the potential effects of U.S. counter-cyclical measures (especially QE2), continuing currency tensions, and the fragility of the banking sector in some advanced countries. While the Great Recession is subsiding, in part thanks to the immediate crisis-fighting measures, policy makers are failing to address the structural reforms and regulatory changes necessary to ensure that a repeat of the crisis is avoided, and international policy coordination is proving inadequate to the task.
Amid global tensions over currencies—notably the U.S. federal reserve’s decision to pump more money into the American economy and China’s exchange rate policy—the leaders of the Group of 20 economic powers meet in South Korea this week. In a video Q&A, Moisés Naím analyzes the importance of the G20 meeting, the stability of the global economy, and what leaders from developed and developing countries should do to spur economic growth.
The last decade has seen a marked change in both the scale of competition for resources and the interdependencies such competition entails. At an event hosted by Carnegie Europe, Jean-Marie Colombani, former editor of French daily newspaper Le Monde, and Carnegie’s Moisés Naím discussed the impact of scarcity on global security and world affairs. Fabrice Pothier, former director of Carnegie Europe, moderated.
The Great Recession and European debt crisis have had a profound impact on Europe’s macroeconomy and its public sector. Carnegie hosted Carlo De Benedetti, founder and former CEO and chairman of CIR, Paul A. Laudicina, managing officer and chairman of A.T. Kearney, and Gianni Riotta, editor-in-chief of Il Sole 24 Ore, to discuss how the financial crisis has affected European companies. Carnegie’s Moisés Naím moderated.
Moisés Naím knows what it means to command power. He is the former Minister of Trade and Industry for Venezuela and Executive Director of the World Bank. In an interview with "Tagesanzeiger", Naím explains why today's leaders are struggling to maintain influence and power.