Conversations with two analysts about the Chinese economic situation

Program Title: The Chinese Stock Collapse and Prospects for the Broader Global Economy
Description: This week's Global Research News Hour takes a close look at the volatility that has gripped the Chinese Stock Markets in the first two weeks of 2016 and attempts to place them in a broader global economic and geopolitical context.
In the first half hour, we hear from Radhika Desai, Professor at the Department of Political Studies at the University of Manitoba and Director of the Geopolitical Economy Research Group at that institution. Professor Desai dismisses the Western Press's descriptions of the stock turmoil as a calamity and points to the fundamental strengths of the Chinese economy, as well as the roles of the Asian Infrastructure Investment Bank and the One Belt One Road strategies in posing a challenge to the dominance of the Neo-Liberal model.
In the second half hour we hear from Jack Rasmus. He is a professor of economics and politics at St. Mary's College in California. He has a new book out - ‘Systemic Fragility in the Global Economy.” Rasmus explains the roots of the turmoil in Chinese Markets, factoring in the liquidity generated by central banks, massive debts, currency devaluations and financial asset versus real asset investments in recent years. Professor Rasmus views the current crises facing emerging markets is merely a new form of the crisis that struck the US and North Atlantic countries in the wake of the Sub-Prime Mortgage meltdown in 2008-2009.

Host(s): Michael Welch
Featured Speakers/Guests: Radhika Desai, Jack Rasmus

Credits: Interviews by Michael Welch

Comments: