| Follow us @ twitter.com twitter.com Welcome to Capital Account. As US president Barack Obama talks about domestic solutions for high gas prices, in reality, this may be an issue of global energy depletion. This brings us to the issue of globalization, since we live in a global, interconnected society. Globalization has lead to much greater efficiency and output, and has built wealth overall, but it has also created more instability. One glaring example is financial markets. Capital now moves more freely from one country to another than it used to, and hot money flows have proven extraordinarily disruptive. We saw this in the case of the Asian Tigers and it has been a consistent bane for emerging market economies destabilized by capital flight. As we try to figure out how to deal with problems like this, while avoiding a financial crisis redux, we'll look at the underbelly of globalization for some answers and speak with former vice president of the World Bank, Ian Goldin. And developing nations will reportedly nominate two candidates to the world bank while the white house has until 6PM tomorrow to get it's nomination in...but will go on to be the President? A lot of people say it's no mystery, it will be an American. We'll talk about why and at what cost to the world bank's legitimacy as a global institution with the former vice president Ian Goldin. Meanwhile, you may have your I-phone, maybe your I-pad, what about an account at your I-bank? We'll about what apple is ... |
