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Riz Khan
Global economic downturn
Riz asks top economists what action is needed to turn the global economy around.
Last Modified: 24 Nov 2008 09:42 GMT

To watch part two click here

Does the world need a unified economic plan in order to stem the global financial crisis? Is a unified plan even possible? The G20 came to Washington, had a nice dinner and agreed to meet again in the spring. So where do we go from here and how long before the global recession becomes a global depression?

On Wednesday's Riz Khan we will talk to top economists about what needs to happen in order to turn the global economy around.

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James Galbraith, the author of The Predator State argues that because Europe is lacking the proper structural institutions it will be left to the US to pull the world out of this crisis.

Ann Pettifor, the author of The Coming First World Debt Crisis supports a Green New Deal programme and the restructuring of international debts so that failed economies are not excluded from the global stage.

Peter Morici of the University of Maryland contends that additional bailouts and stimulus packages are useless without proper regulation.

This episode of the Riz Khan show aired from Wednesday, November 19, 2008.

Send us your feedback and join in the debates at the Your Views section of our website.
Source:
Al Jazeera
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