Examining the big issues facing the global economy, Business Daily demystifies the world of money.…
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Are emerging markets, after enjoying 20 years of spectacular growth, now coming to the end of their time in the sun? As money floods out of countries such as India, Brazil and China our chief business Correspondent Linda Yueh looks at whether they have what it takes to get through bad times as well as good. And Paul Moss visits Mackay in Australia which has ridden the wave of China's massive demand for raw materials, particularly coal, and is now paying the price as the boom comes to an end. Meanwhile, the world still has an unquenchable thirst for energy and in the US they believe they have come up with an answer. The fracking of shale into oil and gas may give the country energy independence in just five years. But Mike Bradshaw a Professor of Human Geography at the UK's Leicester University tells Jamie Robertson that in the long term it might create more problems than answers for the world's global energy needs.