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Global Imbalances

18 minutes
First broadcast:
Wednesday 13 October 2010

As the US looks to exports for recovery, its ire is turned upon China. America complains that China's currency is wildly undervalued. But emerging economies too are feeling the pain of global imbalances. Business Daily speaks to Roberto E. Setúbal President & CEO of Itaú Unibanco Banco Multiplo S/A about Brazil's soaring real, and Jonny Dymond talks to Charles Dallara, who helped draft the Plaza Accord in 1985, which successfully drove the dollar down.

And - glad to be grey? The baby boomers and beyond are feeling persecuted. James Srodes from Washington says more senior citizens have nothing to be ashamed of.



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    BBC Business Daily

    Examining the big issues facing the global economy, Business Daily demystifies the world of money.…

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