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S U B S C R I B E
Friday, 16 January, 2009
Where's the global financial system headed?
Deleveraging, economic slowdown, a threat to the previous pace of globalisation—these are among the key forecasts put forth in a report of possible scenarios for the future released by the Geneva-based World Economic Forum this week. Complicated stuff, so Pete Forster speaks with one of the report authors, Max von Bismarck, to walk us through it.
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A businessman walks beneath a Tokyo brokerage’s news board. Among possible outcomes for the future put forth by the WEF report is a shift from Western control of international financial regulation to a new set of rules led by the G4—the United States, EU, Japan and China. (AP Photo/Katsumi Kasahara)
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