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The People’s Republic of China officially turned 60 this week. From agricultural society to the world’s third-largest economy, China is all grown up; and still growing quickly. In this podcast, The World’s Beijing correspondent Mary Kay Magistad reports on the surging Chinese economy.
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The G-20 Summit was held in Pittsburgh this week. World leaders agreed on far-reaching efforts to revamp the global economic system. They called for tighter regulation over financial institutions, complex financial instruments and executive pay. The World’s Jason Margolis was in Pittsburgh for the summit, and he got to see more than just the inside of the convention center where the meetings took place.
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What does the rest of the world think of the U.S healthcare debate? Some American critics of healthcare reform are suggesting the U.S. will end up with a bureaucratic and inefficient system, which they say would be like Britain. How do Brits feel about this label? Also aging doctors in Japan and the recession in Europe is over! (Maybe.)
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Food prices have come down from the record highs of a year ago. Does this mean the worldwide food crisis over? In part II of our Global Economy podcast, visits to Zimbabwe, Italy, and Japan. And an overview of economic forces driving the costs of food.
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A year ago, there were protests in the streets – throughout many places in the developing world – people clamoring over the high cost of food. A year later, prices in commodity markets are down by nearly a third. But is the worldwide food crisis over?
Spending during times of recession: gambling, dining out, and partying with the kiddies. Should we cut back on luxuries? Or are luxuries, little distractions, more important than ever?
Housing prices have gone up-and-down – mostly down – around the world over the past year or so. Many people have found themselves either out of their homes, or struggling to afford to keep them. What does the housing landscape look like worldwide?
>>>Listen to the Global Economy Podcast
Global leaders from the eight industrialized nations met in Italy today. Their goal: Fix the global economy.
OK, maybe the agenda isn’t quite that ambitious, but they’ve got a lot on their plate.
The new U.S. unemployment figures came out this week. The good news: The rate of job losses is slowing. The bad news: Unemployment is at a 26-year high.
It’s not just Americans who are feeling the pain. In parts of Europe, unemployment is well above 10 percent. This is forcing some people to look for jobs thought unimaginable just a few months ago.
“The biggest threat to the system (today): suppose everybody now tries to turn inward… then I think the degree of integration of the global economy, this time, is so large, that it would be extremely difficult, it would just collapse in on itself.” These were the words of economist Barry Bosworth at the Brookings Institution, spoken in January. Are we starting to see protectionism today? Will countries repeat the mistakes of the 1930’s? Listen to the Global Economy Podcast
President Obama announced a plan for the most sweeping changes to the rules of finance since FDR’s changes during the Great Depression. It’s hard to argue that President Roosevelt’s actions in the 1930′s didn’t help bring stability and order to Wall Street. But it’s a much different world today. Listen to the Global Economy Podcast
This week, a day that seemed unthinkable just a few months ago came to pass: General Motors filed for bankruptcy. This, of course, brings up lots of questions. Bankruptcy is an orderly process with some predictability. But what happens when a huge multinational like GM declares bankruptcy? That’s unchartered territory. Listen to the Global Economy Podcast
This week: a four-part series on how the economic downturn is affecting immigrants in California. So, take a quick economic tour of life in the Golden State these days. We talk to Mexican farm workers in the San Joaquin Valley, Asian health care workers in Los Angeles, and nannies in Hollywood. Listen to the Global Economy Podcast
