The World Bank's Robert Zoellick: Countries Doing Badly Should Worry about Those Doing Worse
Episode Description
The current financial crisis is no time to let emerging and yet-to-emerge markets lose their momentum, according to World Bank president Robert Zoellick. During a recent talk at the University of Pennsylvania, he suggested that despite the weakened state of the industrialized economies, it is in their best interests to prevent backsliding in the economies of Africa, Latin America, Central Europe and South Asia, many of which have successfully tied themselves to the global markets in recent years. 📂 Public Policy
Brief Summary
Robert B. Zoellick discusses the economic crisis's impact on developing countries and the World Bank's adaptive strategies during a moderated session.
Key points
- Introduction of Mr. Robert B. Zelich. Mr. Zelich, president of the World Bank, discusses the impact of the economic crisis.
- Challenges in Developing Countries. Zelich discusses the unique challenges faced by developing countries during the crisis.
- The Role of the World Bank. Zelich outlines the World Bank's focus on customizing services for different countries' needs.
- The Future of Growth. Investments from the current crisis could lay the groundwork for future growth.
- The Importance of Globalization. Globalization has provided incredible opportunities, and reversing it would be tragic.
- Crises as Opportunities. Crises can lead to necessary changes and reforms in institutions.
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Episode highlights
- Introduction of Mr. Robert B. ZelichMr. Zelich, president of the World Bank, discusses the impact of the economic crisis.“This crisis is much more far-reaching.”2:24Mar 18, 2009
- Challenges in Developing CountriesZelich discusses the unique challenges faced by developing countries during the crisis.“Countries are turning to different answers during this time of great flux.”13:09Mar 18, 2009
- The Role of the World BankZelich outlines the World Bank's focus on customizing services for different countries' needs.“We need to focus on the lessons learned from past crises.”14:01Mar 18, 2009
- The Future of GrowthInvestments from the current crisis could lay the groundwork for future growth.“You could come out of this crisis with investments that create future growth.”22:41Mar 18, 2009
- The Importance of GlobalizationGlobalization has provided incredible opportunities, and reversing it would be tragic.“Globalization has brought a lot of benefits; it would be a tragedy if that were lost.”29:49Mar 18, 2009
- Crises as OpportunitiesCrises can lead to necessary changes and reforms in institutions.“Crises can be an opportunity to move; you can walk and chew gum at the same time.”31:33Mar 18, 2009
Tension
60/ 100Some tension
