Business Daily - Short term horizons
Why failing investment in infrastructure and corporate development could create a bumpy road to recovery. And how China's love of red wine is lifting French economic blues.
Why failing investment in infrastructure could create some nasty global potholes in the future. The former Mexican Finance Minister, Dr Guillermo Ortiz, and the former President of the European Central Bank, Jean-Claude Trichet, unveil a new report for the Group of 30 industrialised nations, suggesting that a further 7 trillion dollars of investment in things like road-building, housing and corporate research and development may be required, if the world is to properly recover from the current financial crisis. Also in the programme, China into the red - how Beijing has developed quite a thirst for French Bordeaux. We hear from Sotheby's in Asia on exactly why China's appetite has been so whetted, and from the French wine region on how it's helping to lift the economic blues.