Global Imbalances
Storm clouds are gathering over the global economy as a currency war looms. The US wants a stronger Chinese currency; China isn't budging. And there's more to global imbalances than exchange rates.
As the US looks to exports for recovery, its ire is turned upon China. America complains that China's currency is wildly undervalued. But emerging economies too are feeling the pain of global imbalances. Business Daily speaks to Roberto E. Set煤bal President & CEO of Ita煤 Unibanco Banco Multiplo S/A about Brazil's soaring real, and Jonny Dymond talks to Charles Dallara, who helped draft the Plaza Accord in 1985, which successfully drove the dollar down.
And - glad to be grey? The baby boomers and beyond are feeling persecuted. James Srodes from Washington says more senior citizens have nothing to be ashamed of.
Last on
Broadcast
- Wed 13 Oct 2010 07:32GMT大象传媒 World Service Online
Podcast
-
![]()
Business Daily
The daily drama of money and work from the 大象传媒.
