Fresh from a meeting with some of the high profile economists here in Davos, Time Magazine and Fortune columnist Justin Fox summarizes their pessimism, with particular worry for the financing shortage faced by emerging markets.
In a separate video, Pascale Lamy, Director General of the World Trade Organization, described the rival economic forces for and against protectionism gathered in Davos.
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Russia And China Slam U.S. Economic System, Blaming It For Financial Crisis
The leaders of both Russian and China slammed the U.S. economic system, blaming it for leading the world into the current financial crisis. Speaking at...
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Michael Dell Slapped Down By Putin At Davos: "We Don't Need Help. We Are Not Invalids" (VIDEO)
Fortune's Peter Gumbel reports that Michael Dell was slapped down by Russian Prime Minister Vladimir Putin after offering Dell's help expanding IT in Russia. "The...
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The Impact of the Financial Crisis on the Developing World
Among the contrite bankers and shell-shocked politicians in Davos, I wish to remind them that if the world's rich think they have never had it so bad, the developing world is having it worse.
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Davos09: A Crisis and Failure of Leadership
The leaders of the world are in Davos. If the world is watching what happens here this week, it will be to hear solutions and see responsibility and accountability. I'd say that's not off to a great start, at least on the latter.
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Live from Davos -- The Oil Squeeze
There was a time when we thought that the main oil-producing countries were our friends and would keep prices relatively low and stable so that we could grow our economy. That time is over.
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Girls' Session Steals the Show at Davos
In a meeting where people were tripping over each other to hear ideas about how to move beyond this economic crisis, CEOs and heads of state wanted to learn what girls have to do with it.
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Davos: Looking Beyond the Obvious to See the Future
What has been absent, so far, is the attention toward the unintended consequences of the financial crisis. I was stunned when an attendee said, "it's not like the poor have felt this."
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Davos: How Will This Crisis Change Us?
If we learn nothing from this crisis, then all the pain and suffering it is causing will be in vain. But if we can learn new habits of the heart, perhaps that suffering can even turn out to be redemptive.
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Davos Has its Obama Moment: Quiet Optimism Replaced with a Moral Urgency of Now
There were two World Economic Forums happening in Davos: the old order watching the world crumble and another where groups like the Young Global Leaders are storming at the gates of power.
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Davos '09: What's Missing in Journalism?
American business journalism has been too American with too much reporting on companies and too little reporting on finance and the markets that have such a profound impact on our lives.
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I wish they were gloomy enough to close down the WTO and cancel all free trade agreeements.
GLOBALIZATION IS JUST THE SPREADING THE GREED OF CAPITALISM THROUGHOUT AN OVERPOPULATED WORLD.
The only winnners are the new citizens of the world, MULTI NATIONAL CORPORATIONS.
All of them courtiers, telling the hand that feeds them what they want to hear. 1997 anyone?
Maybe Alan Greedspan could hold them all captive, with tales of the great supply side.
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