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.
